Traders involved with Multi-Corp International, Inc. (MULI) had a very hectic week after being called one of the “best Damn Penny Stocks” to get alerted. Gaining as much as 1,041% from when we originally unraveled it back it early March, MULI stock was finally able to shake off some of the short sellers to put up some half decent returns this week. While the acquisition of the 100% working interest in the 2,800 acre Cave Pool Property in Eddy County, New Mexico the Company got from Quad Energy, Inc. is still a huge plus for longs, the imminent return to under half-a-dollar is where new traders should be looking for entries.
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MULI Stock Quote
Market Cap: 60.88M
Last (3:00PM): 0.81 ▲ +0.16 (+24.62%)
Dollar Volume: $997,856
Issued and Outstanding: 87,164,765
1st Resistance Point: 0.7193
1st Support Level: 0.5303
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Multi-Corp International popped up on our radar screens after reviewing one of their 8-K filings back in March. Coming into 32 wells which are capable of producing approximately 40 BOPD with 30 MCF Natural Gas, based on 40 acre spacing and over 100 possible drilling locations based upon 20 acre spacing was more than enough to think that at $0.085, MULI stock had one heck of a chance of seeing some gains.
On Monday, Multi-Corp. got back into bed with Quad Energy and grabbed another piece of property, Double X, which is said to have 1,480 acres of land holdings with 14 producible wells which are capable of producing 38 BOPD and a chance to drill some 21 new wells.
If all goes according to plans, Multi-Corp’s new Double X site, said to be production ready with all pump jacks and infrastructure ready to go, could send MULI stock back over $1 and then some. If the production capability can be mathced with the cash needed to get the job done, the property which once produced over 660,000 bbls oil and 1,207,026 mcf of hydrocarbon production could be just one step short of being the best damn development stage oil exploration company on the OTC.
About MULI Stock
Multi-Corp International is a development stage exploration and production company focused on developing and acquiring oil and gas resources initially in New Mexico and then throughout North America.
Click here to view the SEC filings for MULI.
Click here to view the website for Multi-Corp.
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Once again, another 10 bagger brought to you by uncovering a pre-promoted penny stock well in advance of the run up. Most traders we know of who got involved with MULI stock off of our March write-up sold out prior to the BDPS promo at a higher price than today’s HOD of 0.97. Still, now that MULI has been slam dunked into everyone’s inbox more than once this week, it’s good to look back and see what might have been had you just taken a closer look.
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