Devon Shire
Long only, newsletter provider, oil & gas, small-cap

Arcan Resources - A Company Transforming Transaction In The Near Future?

(click to enlarge)

I've been investing in publicly traded companies for twenty years, so I can pick up on subtle things that new investors can't.

You won't believe it, but in looking at the chart of Arcan Resources (OTCPK:ARNBF) I have a suspicion that some sort of major event might be on the near horizon.

That is tongue in cheek of course. The stock price of Arcan has more than doubled in two weeks. Check out the trading volume over the past three days:


Date Open High Low Close Volume Adj Close* Sep 13, 2013 0.69 0.77 0.67 0.77 719,900 0.77 Sep 12, 2013 0.62 0.74 0.57 0.69 819,200 0.69 Sep 11, 2013 0.47 0.65 0.47 ...
Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details