Bankers Petroleum Temporarily Shuts-In Albania Production Over Business Interruption at the Port

Bankers Petroleum was lower in recent Thursday morning trade after announcing a temporary shut-in of its Albania production due to the previously announced business interruption at the Petrolifera Italo Albanese Terminal port facility near Vlore, Albania. The oil explorer and producer expects the suspension to be lifted in the coming days, allowing it to resume operations. The stock moves at the top half of 52-week range $0.60 – $3.19.

The stock is down 0.49% or $0.01 after the news, hitting $2.02 per share. About 635,944 shares traded hands. Bankers Petroleum Ltd has risen 6.28% since October 27, 2015 and is uptrending. It has outperformed by 4.92% the S&P500.

Bankers Petroleum Ltd. is a Canada-based oil exploration and production firm focused on petroleum assets in Albania. The company has a market cap of $522.51 million. The Company’s divisions include Albania and Canada. It currently has negative earnings. The Company’s activities in Albania are located northwest of Greece in South Eastern Europe.

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source: sonoranweeklyreview.com