Q: Puzzled by the big move in the last 3 months, absent any big news. Bloomberg have anything? Thanks for all you do - John
5i Research Answer:
ANRG won some contracts, which were announced, in early September. There has been no news since. The stock is now up 276% YTD. There has been some insider buying recently, and insiders already own 23%, with Marny Investments also at 61%. We have a small company with 84% of the share float locked up, that had some good news, so buyers have had to pony up. Fundamentals are still weak: losses and negative cash flow continue.