Epsilon Energy Ltd (EPSN) stock has risen 8.20% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With EPSN Stock Today?
Epsilon Energy Ltd (EPSN) stock is trading at $3.30 as of 1:14 PM on Monday, Oct 12, a gain of $0.10, or 3.12% from the previous closing price of $3.20. The stock has traded between $3.10 and $3.33 so far today. Volume today is elevated. So far 42,517 shares have traded compared to average volume of 22,988 shares.
To see InvestorsObserver's Sentiment Score for Epsilon Energy Ltd click here.
More About Epsilon Energy Ltd
Epsilon Energy Ltd is engaged in the acquisition, development, gathering, and production of primarily natural gas reserves in the United States. The operating segments of the company include Upstream segment activities include acquisition, development, and production of primarily natural gas reserves on properties within the United States. The Gas Gathering segment partners with two other companies to operate a natural gas gathering system, and the corporate segment activities include corporate listing and governance functions of the Corporation. The company generates revenue from the sale of crude oil and natural gas.
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