Home Financial Markets Penny Stocks What Could Be The Reason Verde (VBHI) Stock Skyrocketed More Than 200%?

What Could Be The Reason Verde (VBHI) Stock Skyrocketed More Than 200%?

Verde Bio Holdings, Inc. (OTC:VBHI) closed higher by 207.14 percent on Thursday, closing at $0.0430, and it has traded in the range of $0.0140 to $0.0880 during the session with 156.94 million shares changed hands.

How’s VBHI stock performing?

5 Stocks Under $10 That Are Poised to Take Off

Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck.

Add them to your watchlist before they take off!

Get the Top 5 Stocks Now!

Sponsored

Volume for VBHI stock over the month averaged 12.61M shares, with its price soaring more than 42.86% over the time. Looking at the performance for the last three months, the average volume for VBHI shares was 4.78M, with a gain of 17.49%. The past 12 months have been difficult on the VBHI stock; the price dropped -55.44%, peaking at $0.1155 at a market cap of $2.52 billion.

An overview of the company:

Located in Frisco, Texas, Verde Bio is one of the United States’ fastest growing oil and gas companies. This company acquires and manages low-risk Mineral and Royalty interests in the most promising areas throughout the United States. In order to grow the Company’s revenue stream through royalty interest and non-operated working interests, the Company’s dual-focused growth strategy relies primarily on leveraging managerial expertise.

Where does the surge come from?

The recent surge bring gain to a total of 235% attained over the past week, began after news of closing on revenue-producing overriding royalty interests (ORRI) purchase deal, announced by the company on Tuesday.

  • An agreement was reached between Verde Bio and a private seller on a purchase price of $150,000 for ORRI held by that seller.
  • At present, Verde receives about $3,000 per month in revenue from the interest it acquired.
  • From March 1, 2021 onwards, Verde will also be able to collect amounts assigned to the purchase.
  • About 1,280 acres of net surface are covered by the acreage, which is operated by Providence Energy Corporation in Adams County, Colorado.
  • Royalties are applicable to acreage’s existing production from seven wells and future development.
  • Verde has made its first acquisition in the DJ Basin with this transaction.

A final thought:

Taking the deal illustrates a commitment of Verde Bio (VBHI) to maximize shareholder value by fulfilling its business plan. VBHI has begun to build a highly diversified portfolio of revenue producing interests through its balanced approach of capital raising and acquisitions that will surely be paying off.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Amarin Corporation plc (NASDAQ: AMRN) stock plunged in the premarket trading session; here’s why

In the premarket trading session, Amarin Corporation plc (AMRN) stock had plunged by -4.56% to $4.4. AMRN stock closed previous session at $4.61 gaining...

Why Second Sight Medical Products, Inc. (EYES) stock is Popping High today?

Second Sight Medical Products, Inc. (EYES) stock announced two-year results of its Orion Study after which the EYES stock price happened to be green...

Luokung Technology Corp. (LKCO) Stock Undergoes Volatility as Appeal Over CCMC Designation is Underway

Luokung Technology Corp. (LKCO) stock prices were down by 6.40% as of the market closing on May 11th, 2021, bringing the price per share...

Vista Gold Corp. (VGZ) Stock Inches Higher After Promising Q1 2021 Financial Reports

Vista Gold Corp. (VGZ) stock prices were up by an incremental 1.82% as of the market closing on May 11th, 2021, bringing the price...

Array Technologies, Inc. (ARRY) Stock Prices Stay Stable Despite Troubling Q1 2021 Financial Reports

Array Technologies, Inc. (ARRY) stock prices were up by a marginal 0.28% as of the market closing on May 11th, 2021, bringing the price...

Lucira Health Inc. (NASDAQ:LHDX) stock rallied today in the current trading session; here’s why

In the current trading session at last check, Lucira Health Inc. (LHDX) shares had surged by 15.32% to the price of $5.87. LHDX's stock...

PaySign, Inc. (PAYS) Stock Down Following Disclosure of Troubling Q1 2021 Financial Reports

PaySign, Inc. (PAYS) stock prices were down 15.0568% early in the trading day on May 12th, 2021, bringing the price per share down to...

Comstock Mining Inc. (NASDAQ:LODE) stock plunged in the current trading session; here’s why

In the current trading session at the last check, Comstock Mining Inc. (LODE) stock had plunged -3.25% to trade at $3.21. LODE stock previously...

Related News

Why Summit Wireless Technologies, Inc. (WISA) stock is Going high today?

Summit Wireless Technologies, Inc. (WISA) stock, a wireless sound technology company, provided an update for its first quarter ended March 31, 2021, today on...

What Caused The Sino United Worldwide (SUIC) Stock To Drop 50%?

In the last session, the price of Sino United Worldwide Consolidated Ltd (OTCPink: SUIC) spiraled -50.82% to $5.4000. During the session, Sino United's stock...

On What Basis Did HIRU Stock Rise 43%?

Hiru Corp stock blasted into the green at the previous close, rising 43.00% to $0.0143. Volume was 65.87 million against 30-day Average Volume...

Is There Any Reason As To Why The BIGG Digital (BBKCF) Stock Expanded By 30%?

A share of BIGG Digital Assets Inc (OTCQX: BBKCF) rose 30.78 at yesterday's close, to $1.4670. There was an increase in volume of BIGG...

Why Has The Ascot (AOTVF) Stock Price Gained 20%?

The stock of Ascot Resources Ltd (OTCQX: AOTVF) gained significantly as it increased by 20.50% to $0.8858 at last close. The Ascot stock price...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get Best Morning Financial Newsletter... 100% Free

Best stocks ideas

Analysts’ Upgrades & Downgrades

Insider Watchlist

Important Earnings

We do not sell or share your information with anyone.

Get The Best Stocks To Trade Every Day!...100% Free

We do not sell or share your information with anyone.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.