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- So far HENC has been up 85% since StocksJournal reinitiated coverage 2 weeks ago
- Currently, the stock is up over 30% with an increase of .09 per share and is trading at a robust 227,000 volume !
- HENC has been doing exceptionally well and we expect this company to do even better in the weeks to come !
- Keep HENC on your radar as well as other great picks right around the corner on StocksJournal
Holloman Energy Corporation (OTC BB: HENC)
Holloman Energy Reports Post Acquisition, Annual Consolidated Financials
Highlights: merger increases total assets to $23,8 million; shareholders equity increases to $15 million
(See SEC filings, Form 10K, annual financials statements)
Since early April, Holloman Energy Corporation’s (“Holloman”) stock has risen sharply, moving from a 52 week low of $0.04 to close at $0.39 Thursday, May 1st. Reflecting on recent developments with the company, it appears that the stock has potential to move significantly higher. Positive catalysts that have the ability to move the stock include a dramatically improved financial picture – the result of a recent divestiture and a share exchange with Holloman Oil and Gas in Australia – an exceptional portfolio of Australian properties, and proposed development activity in three prolific, low risk, oil and gas areas in Australia. Based on recent developments, Holloman is, in StocksJournal’s opinion, clearly on the path to recovery, now exhibiting the potential to move back to a previous 52 week high of $2.00.