Pyramid Oil continues multi-day decline despite rising crude prices

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Pyramid Oil Company (AMEX:PDO) continued its multi-day decline on Thursday, dropping more than 17% early in the day, even as the price of crude oil soared to more than $144 per barrel. The Bakersfield, Calif.-based oil and natural gas company dropped to $23.22, down $4.78 from Wednesday’s close. The stock has lost 25.9% over the past five trading days, but it has gained more than 654% since January when it was trading around $3 per share.

For detailed price information and recent news stories on Pyramid Oil Company, click PDO.