Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Shares don’t come much more volatile than Maple Energy (MPLE) over the past week or so. The company had been languishing at its lowest level since it listed in 2007, at around 9p per share and with little volume – a far cry from the peak share price of over 300p that it hit in 2009. Then along came an RNS mentioning a possible takeover offer and the market went crazy causing it to rise over 300 per cent in a day to a high in excess of 36p. Since then it has plummeted back to 12-13p and volume has tailed off significantly. Is this now worth taking a gamble on the takeover?
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