On July 15 the Petroteq Energy (PQE.V) stock was traded at C$0.115. For the next 24 hours, the Petroteq Energy (PQE.V) stock was gaining momentum and jumped to C$0.175. That leap is equivalent to 52%. Three days later the Petroteq Energy (PQE.V) stock fell to C$0.16. However the next day on July 20 the stock reached C$0.195, a 21% rise. When should we expect the next jump? The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Petroteq Energy Inc. (PQEFF) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Petroteq issued a press release after the market closed on July 16, 2021, titled: “Petroteq Announces Expected Late Filing of Financial Statements and Application for Management Cease Trade Order; Cautions Against Reliance on Certain Previously-Issued Financial Statements.”
Based on this news the Petroteq Energy stock is expecting to sink in the foreseeable future. The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
Finance and Tech Contributor