BKV (BKV) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.
Shares of BKV rose 3.1% in their debut on the New York Stock Exchange on Thursday, giving the U.S. natural gas producer a market capitalization of $1.56 billion.
BKV Corporation plans to raise $300 million in a U.S. IPO. The company has produced declining revenue, increasing operating losses, and reduced cash flow. BKV aims to use IPO proceeds to repay debt and fund corporate expansion, but the current market environment for hydrocarbons is volatile.