Nighthawk Energy (HAWK) has moved up sharply since the weekend with two RNS's catching the eye. Yesterday's announcement confirmed that several "sweet spots" in the shale had been identified on 3D seismics. Secondly this morning a RNS stating that several directors including the MD David Bramhill had purchased stakes between 50,000 and 100,000. HAWK' s share price is currently up 8% at 28p to buy.
The fact that the Scottish Widows (Lloyds) stock sale overhang has now cleared means that the positive momentum is likely to continue.
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