Shares of BlackPearl Resources Inc. (TSE:PXX) rose 5.5% during trading on Wednesday . The stock traded as high as C$1.16 and last traded at C$1.15. Approximately 309,125 shares changed hands during mid-day trading, an increase of 156% from the average daily volume of 120,930 shares. The stock had previously closed at C$1.09.

In related news, Director John Hunter Craig purchased 70,000 shares of the stock in a transaction dated Friday, August 18th. The stock was purchased at an average price of C$1.02 per share, with a total value of C$71,400.00.

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About BlackPearl Resources

BlackPearl Resources Inc is a Canda-based oil and natural gas company, which is engaged in the business of oil and gas exploration, development and production in North America. Its primary focus is on heavy oil and oil sands projects in Western Canada. Its core properties include Onion Lake, Saskatchewan, which is a conventional heavy oil property, as well as a thermal enhanced oil recovery project; Mooney, Alberta, which is a conventional heavy oil property using horizontal drilling and alkali, surfactant, polymer flooding, and Blackrod, Alberta, which is a bitumen property located in the Athabasca oil sands region using the Steam Assisted Gravity Drainage recovery process.

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