Petroteq Energy (PQE.V) Stock Improves Swiftly After Bottom To Almost 31%.

During the five days, the company stock significantly increased from the bottom Can$0.1500 to Can$0.1900 by rocketed. since July 27, the price unstable and fluctuating with swiftly speed between Can$0.1750 and Can$0.1700. Currently, the company is trading at Can$0.1650. The general market cap is 83 million dollars. The Schall Law Company, a national shareholder rights litigation firm, has announced that it investigates accusations of securities law breaches on behalf of Petroteq Energy Inc. investors. The investigation focuses on whether the Company published false and misleading statements and did not disclose information related to investors. Petroteq published a press release after the market closed on July 16, 2021, entitled:

Petroteq Announces the expected late Filing of Financial Statements and the Filing of an Application for the Management of a Cease-and-Desist Order; Warns against dependence on Some Previously issued Financial Statements. Among other statements, the Company said in a press release that some financial statements for the period from 2018 to 2021 could not be relied on, and they will be subject to revision. Based on this news, Petroteq shares fell on July 19, 2021.

Jack Dawkins

Finance and Tech Contributor

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