Hibiscus Petroleum Bhd (KLSE : 5199) - Awakening

The share price rallied after Public Investment Bank Bhd has initiated coverage on Hibiscus Petroleum Bhd with an “Outperform” rating at 47 sen and target price of RM1.06 and said Hibiscus continues to deliver production from its first producing field, the Anasuria Cluster in UK with average circa 3500bbls/day, anchoring its position more prominently amongst its oil peers.

For more details, Public IB Research starts coverage on Hibiscus, target price RM1.06
 
Will this awakening pushes the share price to new height ?
 
Weekly chart.

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Source : 
1) Metastock
2) www.theedgemarkets.com