Pushed in advance thanks to an article posted by Seeking Alpha contributor Stone Fox Capital, aka OutFoxTheStreet, the penny stock of Virtus Oil and Gas Corp. (VOIL) has finally begun to trade nearly 9 months after our initial report on it. VOIL stock is experiencing it’s third consecutive trading session whereby volume has exceeded 100,000 as the oil prospector looks to capitalize on some 55,477 acres in the Parowan Prospect, in the Central Utah Overthrust region of southwestern Utah. Seeing as how well Lone Star Gold, Inc. (LSTG) did when it kicked off in 2011, a gush of gains looks to be imminent for those who waited for the first dip, grabbing the under $1 shares before any official alerts have been issued.
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VOIL Stock Quote
Market Cap: 43.47
Last: 0.90 ▼ -0.13 (-12.62%)
Dollar Volume: $228,164
14-Day RSI: N/A
1st Resistance Point: 1.0567
1st Support Level: 0.8833
52Wk High: 1.10
52Wk Low: 0.55
At the start of the month, Virtus Oil and Gas announced that it grabbed another 18,000 acres in Iron County, Utah from an undisclosed seller as they “plan to to drill a 12,000 ft. test well in central Utah by September, 2015 which is due to cost the Company that had $62,899 in cash as of February 28, 2014 an estimated cost of $2.5 million. The recent oil crisis created by the disturbances in Iraq and Ukraine have offered a perfect storm of an opportunity to capitalize on the novice investor’s misunderstanding of what it takes for a start up exploration company to discover oil in the Central Utah Thrust Belt Region for Salt Lake City refineries and/or gas for Southern California.
Preparing VOIL stock for this week’s pre-pumping opens up a can of worms that would force any long trader to move their trading platform to a mobile device so as to not miss out on any chance to get out quick before the share price is made so affordable that everyone can play it. When Daniel M. Ferris resigned from his position as President, CEO in May, they brought in Rupert Ireland, 36, who was the head trader over at Monaco based CARAX, a brokerage firm that focuses on high volume execution in cash equities and derivatives trading – a perfect platform for dumping/controlling VOIL stock.
In the transition, Ferris kept his 28,000,000 shares of VOIL while Ireland was issued 3,000,000, later taking the 28,000,000 shares from Ferris, former CEO and President of Lone Star Gold (LSTG) for $0.0714 per share. So, like we pointed out in our initial report, the 18,200,000 shares S-1 seedholders held and the 2,100,000 Fieldstone Industries, Inc. got in 2013 for $50,000, $0.0238 per share, are what’s out there to be played with.
Seeing as how we now have added Monaco to the list of territories involved in the VOIL stock pump, seeing AXGP, Access Securities, LLC, as the predominant diluter on Level 2 screens at least gives some indication as to when the dumpy dips should end for the mini rips to follow.
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About VOIL Stock
Virtus Oil and Gas Corp. is a development stage oil and gas exploration and production company after abandoning plans to become an operator and franchisor of fast-casual food catering vans that capitalize on the growing trend of food to go with its Currywurst product, a product native to Germany, and market it through Switzerland and into major metropolitan US cities.
Issued and Outstanding: 48,300,000
Last 5 Trading Sessions:
It’s somewhat unusual to see a penny stock promotion for such a high priced ticker like VOIL to start after a month of absolute bearishness on the OTC markets. Subpenny tickers and those well under 0.05 have been the only real winners unless perfectly timed entry and exit points have been made on the 4 or 5 marijuana stocks that have survived the March collapse. Since VOIL stock alerts are sure to follow the landing page and hard mail campaign that is due to start up as July 4th approaches, seeing $1.10 again might be a bit too much to shoot for.