By: Matt Rego
Shares of GulfSlope Energy, Inc. (OTCQB: GSPE) are rallying just over 19% on Friday, June 10, 2016, featuring heavy trading volumes. Over the past thirty days, GulfSlope Energy, Inc. (OTCQB: GSPE) posted average daily volume at 464,281 shares. However, nearly 1.55 million shares or around $86,200 in dollar volume have exchanged hands just after the open.
Despite the fact that there is no news out for GulfSlope Energy, Inc. (OTCQB: GSPE) and oil is trading lower 1.84% on the day, the energy company has still managed to pull out a solid rally on strong volume.
About GulfSlope Energy, Inc. (OTCQB: GSPE):
GulfSlope Energy (ticker GSPE) is an independent oil and natural gas exploration company based in Houston, Texas. The Company’s operations are concentrated in the United States, Gulf of Mexico federal waters offshore Louisiana in less than 1000 feet of water depth. The Company has leased 23 federal OCS blocks and licensed 2.2 million acres of three-dimensional (3-D) seismic data with plans to start drilling in 2016.