Signed LOI Led To Significant Buying Pressure For These Shares

Signed LOI Led To Significant Buying Pressure For These Shares

By: Dylan Sikes – AllPennyStocks.com News

Tuesday, February 8, 2022

A Vancouver-based micro cap announced today that the company has executed a letter of intent (LOI) for the option to purchase up to a 100% interest in the Zé Manoel Project in Goiás State, Brasil, according to the release. Shares of Homerun Resources Inc. (TSX-Venture:HMR.H) rallied strongly on the news.

Homerun Resources Inc. is engaged in providing environmental remediation solutions through the culmination of a series of transactions in the hydrocarbon remediation sector. The company operates only in Canada.

Traders were apparently bullish on the news as shares trading on the TSX-Venture Exchange went on to close up at $0.195/share (+18.18%). This move is a strong continuation of the success this stock has had over the last month. 


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