Friday makes Abraxas Petroleum Corporation (NASDAQ: AXAS) soar more than 40% in post-market letting to reach $0.25 which is still a reliable price to expect blasting off movement next week.
As petroleum products become highly demanded despite the crushing prices, AXAS is attempting to gain significant points like other well-established billion-dollar energy stocks.
Its negative EPS is fading to become positive soon via slowly growing revenue in Q3 and Q4. Operating expenses may need more funds than before due to the rising demand for oil and gas products.
Anyone could afford AXAS now before it reaches $10 soon before 2021. Jumping onto Abraxas isn’t early, perhaps the right time has come. Gamblers might take action fast.
Editor in Chief.
Living in the era of dynamic tech change Alex decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring in Finance) writing for technology and as well as finance has been one of the precious aspects of his life