Houston Natural Resources Corp (HNRC)

[Crawfors]

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Houston Natural Resources Corporation (OTCMKTS:HNRC) stock has been soaring over the past few sessions and reached a new multi-month high. The HNRC stock has been seeing heavy buying interest as Short Stock Scanners Indicate Substantial Short Exists and short covering is underway! The company currently has earnings per share to the tune of $0.27, energy stocks trade at a PE of 17.8. At this ratio, HNRC would be $4.80 per share.

The stock has gained a whopping 147% this week from Friday’s July 22, 2022 close. Moreover, the stock closed above the 200-Day moving average.