Sam is a trader and one of our lead stock analysts at AskTraders. After starting his career predominantly in the forex markets, Sam now focuses on gold and stocks with a preference for macroeconomic analysis.
Shares of oil and gas exploration company Lonestar Resources (NASDAQ: LONE) have skyrocketed premarket on Monday after forbearing holders agreed to extend its forbearance agreement.
The agreement has been extended to the 11th of September 2020, despite the fact it had already been extended until the 21st of August.
Forbearance is the temporary postponement of debt repayments that are granted by the lender.
The agreement refers to holders of its “outstanding 11.25% senior notes due 2023.”
Lonestar share price…
Lonestar shares exploded higher after the news and are currently trading at $0.5199, up 94.65% premarket on Wednesday.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage . 75 % of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money .