Interesting to see that SOO has broken it resistance level in trading in Germany over night.
It had been range bound for the last two months but broke upwards, albeit on low volumes.
The interest may be attributed to the 3rd quarter commitments test due out Monday or Tuesday. Although given the recent announcement of the rights issue at 7 cents at 1:4 I would think that the announcement won't be all that positive, otherwise I would have expected they would have held off announcing the rights issue.
Interesting to see that SOO has broken it resistance level in...
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