Globe says Wellington boosts targets for Questerre + Junex, others
2008-05-29 07:12 ET - In the News
See In the News (C-JNX) Junex Inc
The Globe and Mail reports in its Thursday, May 29, edition that Junex jumped 40 cents to close Wednesday on the TSX Venture Exchange at $4.05. The Globe's Allan Robinson writes in the Eye On Equities column the stock has a 52-week range of 52 cents to $4.34. Junex is among the junior exploration companies in the heart of the Quebec Utica-Barnett-like shale natural gas play in the St. Lawrence lowlands. Wellington Capital analyst Kim Page has a share price target on Junex of $9.50. Wellington also has a price target for Gastem of $4.25.
It closed Wednesday at $3.38. Gastem stock has a one-year range of 40 cents to $3.74. Wellington also has a price target for Questerre Energy at $8.75. Questerre stock closed Wednesday at $4.55. Questerre stock has a one-year range of 34 cents to $5.18. Fraser Mackenzie analyst Vic Vallance rated Gastem and Questerre "buy" in The Globe on May 28. Gastem and Questerre were then trading at $3.10 and $4.58.