Hot Penny Stock AGRT: Roll it in Flour and Find the Wet Spot

Just when we thought the only thing on the menu left for AGR Energy Holdings (OTC: AGRT) was rocky mountain oysters, the penny stock goes “Pamplona” again. AGRT stock price rose for a 2nd straight day gaining 0.085 to close at 0.245, the high of the day, on a 2nd day of rising volume. Nearly 5 million shares, $1.054 million in dollar volume traded Monday giving every impression that the penny stock is far from done and giving traders 10X the profits Great Wall Builders Ltd (OTC: GWBU) pumpers have been promising.

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AGRT Stock Chart

AGR’s recent agreement consists of 70% working interest in 3 leases totaling approximately 547 acres with an already recorded 100 million barrels. This Texas acquisition by the Company is an aggressive move since several energy analysts and experts have found the recent boom in American o nshore oil production to be a direct result of increased output from Texas.

America and American oil companies get an additional boost of confidence with each domestic oil production report released. With a $20 million non-diluted financing arrangement, the Company could start “Pac-Man”ing new and existing oil wells like their Texas acquisition and the Paul Lease in Tennessee they are pursuing.

Bottom Line: No one said penny stocks were risk free and the recent uptrend in AGRT PPS could be shareholders from a week ago averaging down. In any case, the Bull stories of “massive shorts” being the reason the PPS declined last week is exactly what it is: Bull. AGRT is a pump and dump like GWBU and will, eventually, find itself grazing in the pastures of shell corporation land before changing its name. Until then, riding the bull is better than trying to catch a pig.

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And Remember to Always:

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