Pulse Oil Corp. Set to Resume Trading on TSX Venture Exchange

Pulse Oil Corp. ( (TSE:PUL) ) just unveiled an update.

Pulse Oil Corp. announced that its common shares will soon resume trading on the TSX Venture Exchange following the acceptance of its reinstatement application. This development follows the revocation of a cease trade order by the British Columbia Securities Commission. The company, which had a working capital deficit of $55,880 as of December 31, 2024, is actively exploring funding opportunities to address this deficit and plans to restart its Bigoray Enhanced Oil Recovery Program. The resumption of trading and potential funding solutions are expected to positively impact Pulse’s operations and market positioning.

Spark’s Take on TSE:PUL Stock

According to Spark, TipRanks’ AI Analyst, TSE:PUL is a Neutral.

Pulse Oil Corp. receives a score of 51, reflecting significant challenges in financial performance and valuation. While the company has a strong equity position with no debt, it struggles with profitability and cash flow management. The bearish technical indicators and negative P/E ratio further weigh down the overall score. Improvements in operational efficiency and cash generation are necessary for future growth.

To see Spark’s full report on TSE:PUL stock, click here.

More about Pulse Oil Corp.

Pulse Oil Corp. is a Canadian company focused on the Enhanced Oil Recovery (EOR) Project in West Central Alberta, Canada. The project involves two established Nisku pinnacle reef reservoirs that have been producing sweet light crude oil for over 40 years. Pulse employs a proven recovery methodology using NGL solvent injection to enhance oil recovery from these reservoirs.

Average Trading Volume: 76,987

Technical Sentiment Signal: Sell

Current Market Cap: C$6.23M

For detailed information about PUL stock, go to TipRanks’ Stock Analysis page.