Do you have more money than sense? Do you want to be the first to own a stock none of your friends have heard of? A stock so new, so rare, so small even analysts do not follow it? A stock in a company doing business in a part of the world few people can find on the map? Look no further. Just this past week BMB Munai Inc., an oil and gas exploration company doing business on 113,500 acres in western Kazakhstan, qualified to list its shares on the American Stock Exchange under the symbol KAZ. BMB Munai also has oil and gas operations offshore in the Caspian Sea region.
BMB Munai conducts its operations in Kazakhstan through a wholly owned subsidiary, Emir Oil, LLC. BMB Munai hopes to become a major oil and gas producer for Central Asia. Shares began trading on 21 September at $5.60 per share. Shares closed on Friday 22 September at $5.30. Average trading volume for its 2 day trading history is 8,300 shares.
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