Stock Code: 5199 RM0.30 Yesterday, Hibiscs surged 4.5 sen (17.6%) to finish at RM0.30 on high volume (98.0m shares). Last Wednesday, the company announced that it will buy Shell’s 50% interest and operator-ship in the 2011 North Sabah Enhanced Oil Recovery production sharing contract for US$25.0m. From a charting perspective, HIBISCS' short to longer term trend is positive with the share price
This post first appeared on Bursa Malaysia Stock Market Analysis Digest, please read the originial post: here
