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Why The VBHI Stock Recently Increased Nearly 42%?

DBGI Stock

DBGI Stock

A surge of 41.75% occurred last session as Verde Bio Holdings, Inc. [OTCPink: VBHI] hit a price of $0.02835. There were 178.12M shares traded in Verde Bio stock against 67.64M on a 30-day average.

The VBHI stock value during the last 52-week period ranged from $0.0107 to $0.1155. VBHI stock surged following the purchase of revenue-producing mineral and royalties interests.

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VBHI has acquired what?

A growing U.S. Energy Company headquartered in Frisco, Texas, Verde Bio is engaged in the acquisition and management of mineral and royalty interests located within the key oil and gas play areas.

Tuesday, Verde Bio announced that it had closed the acquisition of revenue-producing mineral and royalty rights for $380,952 from a private seller.

What VBHI will accomplish?

In order for Verde Bio (VBHI) to seek long-term growth, its dual-focused growth strategy relies mostly on leveraging management’s expertise to acquire strategic and opportunistic partnerships and interests, both of which contribute to its revenue production. In current projections, combined revenue from VBHI’s nine acquisitions is currently estimated at about $30,000. This would be about $360,000 on an annualized basis.

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