The squeeze is on for traders in the pink sheet listed penny stock of Texas Wyoming Drilling, Inc. (TWDL). Gaining over 100% last week with out any news or developments, TWDL stock, trading roughly 60% above its 10-, 20- and 50-day moving average, hit a massive high already as the 31 message board on iHub. With projects that include one called the Quartz Mountain Mine which claims to have 280,000 ounces of gold along with 3,526,000 ounces of silver, a squeeze play today is likely to send volume to levels not seen since the beginning of the year when the shares crossed the 1¢ mark for less than an hour.
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TWDL Stock Quote
Market Cap: 1.38M
Friday Close: 0.0058
Issued and Outstanding: 260,269,590
14-Day Rel Strength: 65.42%
1st Resistance Point: 0.0065
2nd Resistance Point: 0.0072
1st Support Level: 0.0044
2nd Support Level: 0.003
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The last update shareholders had from Texas Wyoming Drilling came back in May when the Company stated that they were in serious negotiations for substantial funding which was said to have no effect on the share structure of TWDL stock. A certified geologist was going to be needed in order to conduct an examination of just how much, if anything at all, the minerals in the companies leased properties would be worth if it were to be mined properly.
President and CEO, Dr. Bob Michet, commented back then about how significant funding would be since cash flow had virtually dried up which made exploration impossible However, becoming a fully reporting company by beginning their audit was still on the priority list.
As for TWDL stock, well lets just say it cant really get much lower than where the iHubbers loaded up shares back around 0.0025. With the buying power of 4 shares for 0.01, scooping up positions worth $100, $200 and even $500 on TWDL stock led to today, the short-squeeze upside play on a company which not only is pretty much broke with no chance of putting an minerals on the scale this year or next.
About TWDL Stock
Texas Wyoming Drilling, Inc. is a development stage company operating as a diversified gold, mineral, and rock mining company.
Click here to view the financial filings for TWDL.
Click here to view the website for Texas Wyoming Drilling.
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The sub penny stocks summer sensation continues with TWDL stock. Maximum upside would be 0.01 for TWDL making a play on it pretty much a waste of time and effort (kinda like this article).
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