After today's announcement that Lynden Energy Corp. obtained a $50 million Credit Facility, the stock traded up 26%. This follows several days of positive trading for Lynden. The stock price is now up 89% in just over two weeks! Clearly, the market likes the recent announcements by the company.
Today's uptick on almost 2.5 million shares follows up on several days of trading up. The recent deal with the large company, obtaining the Credit Facility and the excellent results from Spade 17-1 have increased the market visibility of Lynden.