PUNL | Punchline Resources Stock Continuing To Climb

PUNL, PUNL Stock, Punchline ResourcesShares in the newly renamed gold exploration Company, Punchline Resources (PUNL), are continuing to shine on Monday with $784,315 traded as of mid day. PUNL stock sprung out onto the scene Friday and are not slowing down having gained a modest 11.34% to start the week. With much speculation surrounding the sudden activity, many believe this is the soon to be announced pick of SMA and should be added immediately to the list of penny stocks to watch.

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PUNL, OTC PUNL, PUNL Stock, Punchline ResourcesPUNL Stock Chart

Last: 1.08, up 0.11 (11.34%)
Volume: 749,557
High: 1.08
Trades: 133
Average Trade Size: 5,635
Authorized: 75,000,000
Issued and Outstanding: 50,000,000

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Just after the closing bell Friday, Punchline Resources new CEO, Ramzan Savji, announced that the Company began preliminary talks to potentially acquire interests in one or more gold exploration and development projects in both North America and internationally. Since all they did was change their name and hire Savji to be the lead singer, it will be interesting to see what they can accomplish with the $0 cash, $0 assets, and only 25 million un-issued common shares.

About PUNL Stock

Since last week, Punchline Entertainment Inc. changed to Punchline Resources Ltd. and is now said to be an emerging mineral resources company focused on both domestic and international exploration and development projects.

Bottom Line: PUNL is looking like a mirror image of the triple digit gaining penny stock of Independence Energy (IDNG). How to play PUNL stock is long and strong, buying on the dips, and getting out within 24 hours of the stock dividend they will announce sometime in late September or early October.

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