Penny Stock Pick - PRC

The potential high flying oil stock to look at today is Petro Resources Corp. (PRC), a Houston Texas based company with oil and gas fields in North Dakota as well as working interest in Texas, Gulf of Mexico, New Mexico, Illinois, Utah and Colorado. Considering high oil price at the moment, this is a penny stock worth looking at as it is trading at $1.79.

Technical
The technical chart shows the stock is probably back to bullish run as the stock is trading above 50 day moving average with the moving average going up. Another very positive sign is MACD which has been above 0 since April.

Insider
The insititions sold above 1 million shares in the latest quarter. The insider transactions show mix signal some purchases earlier this year and some sales in March.

Financial
The incomme statements shows positive sign as revenue in 2007 jumped 350% compared to 2006. The company still has huge net loss yet the balance sheet still looks ok as the company has more cash than total short term debts.

Conclusion
This is a potential high flying stock in the right sector. Improving revenue makes this one a gem undiscovered

Penny Stock Score (1~5) 5 is highest
1. Industry (Oil): 5
2. Technical: 4
3. Insider: 2.5
4. Financial: 3.5
Recommendation: Accumulate