Oil stocks are hot right now and today’s penny stock alert on Homeland Resources Ltd. (HMLA) issued via our Twitter account has already begun to pay off. Subject of a massive awareness campaign to come, HMLA stock had its largest volume trading session since outlining anticipated growth prospects for 2013. With the spudding of their first well today at the highly anticipated Liberty Ridge Project located in Oklahoma, today’s surge could be the beginning of a half-decent end of the month run.
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HMLA Stock Quote
Market Cap: 13.92M
Tuesday Close: 0.229 ▲ +0.039 (+20.53%)
Dollar Volume: $135,818
Issued and Outstanding: 60,800,000
14-Day Rel Strength: 67.55%
14-Day Stochastic: 90.98%
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Homeland Resources’ projects, Smoky Hill and Liberty Ridge, are comprised of working interests located in Oklahoma. While Smoky Hills seems to be a loss after, in April 2010, a 5% working interest was acquired for $39,163, Liberty Ridge looks like it will be the big banger for both the Company and HMLA shareholders.
According to their announcement the projected depth of the initial Liberty Ridge well is targeted for 5,650 ft. The well is expected to take several weeks to reach total depth and being drilled based on positive indications and analytics from a proprietary 3-D seismic survey conducted by the operating partner.
A revenue producing spud would be significant for Homeland Resources considering only $45,157 in revenues were booked during the three months ended January 31, 2013, compared with $67,102 for the three months ended January 31, 2012. The decrease in revenue recognized of $21,945 or 33% due to decreased production volumes of their working interests in oil producing wells.
Emailers are now circulating on HMLA stock calling for: “Going from 25 cents a share to $6 turns $5,000 into $120,000.” While the chances of seeing 0.60 are 10X more likely than seeing $6, with freaks like POLR, LOTE, UBIQ and a slew of other “shouldn’t be so high” penny stocks, having a play on HMLA from today could be a decent 50% + runner before the end of the month.
About HMLA Stock
Homeland Resources Ltd. is a performance-driven exploration and production company focused on developing relatively low-risk North American natural gas reserves.
Click here to view the SEC filings for HMLA.
Click here to view the website for Homeland Resources.
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HMLA is far enough off the radar that its worth an addition to the list of penny stocks to watch. With fresh eyes seeing the highlights of throwing some cash at HMLA stock, savvy traders could get in before a real run happens and cash out in time to hit the beach for Memorial Day weekend.
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