Amerisur Resources (OTCMKTS:ASUXF) Shares Climb 0.4% – Still a Buy?

Amerisur Resources plc (OTCMKTS:ASUXF – Get Free Report) shot up 0.4% during mid-day trading on Monday. The company traded as high as $0.2410 and last traded at $0.2410. Approximately 100 shares traded hands during mid-day trading, an increase of 1,500% from the average session volume of 6 shares. The stock had previously closed at $0.24.

Amerisur Resources Trading Up 0.4%

The stock’s fifty day simple moving average is $0.24 and its two-hundred day simple moving average is $0.24.

About Amerisur Resources

(Get Free Report)

Amerisur Resources plc was an independent oil and gas exploration and production company focused primarily on Colombia. Its activities included acquiring, exploring, developing and producing hydrocarbon assets, with operations concentrated in the Putumayo Basin in southern Colombia.

The company’s principal asset was the Platanillo field, where it produced crude oil and pursued additional exploration opportunities. Amerisur also developed transportation infrastructure, including the Oleoducto Binacional Amerisur (OBA), a pipeline system designed to move crude oil from its Colombian operations toward export facilities in Ecuador.

Amerisur Resources was headquartered in the United Kingdom and operated through Colombian subsidiaries.

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