Shares in the company which was formerly a strength test vending machines in bar merchant, Punchline Resources Ltd. (PUNL), are now on high alert. After announcing they secured a a $1,000,000 Line of Credit from an unnamed source, PUNL stock continued its ascent after closing on the HOD Wednesday and adding to their gains; 26.04% since our initial alert. With the focus of Punchline now set to discover gold, its a must have on the list of penny stocks to watch having earned its first alert.
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PUNL Stock Chart
Close: 1.21, up 0.09 (8.04%)
Volume: 1,837,618
Dollar Volume: $2,136,300
High: 1.21
Trades: 215
Average Trade Size: 8,547
Authorized: 75 million
Issued and Outstanding: 50 million
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About PUNL Stock
Punchline Entertainment Inc. (soon to be Punchline Resources Ltd.) is an emerging mineral resources company focused on both domestic and international exploration and development projects. The Company is currently evaluating several projects for potential acquisition and/or participation.
Bottom Line: PUNL needs to be on the list of penny stocks to trade if it isnt already. With such a small number of shares outstanding and authorized, look for this to have an IDNG type run.
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