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Wednesday, July 19, 2023 9:25:57 PM
HNRC's public Float is only 33.7M according to the most current Quarterly Report which are the number of shares available for trading.
This is a very small Float therefore it's much easier for the share price to increase the more the stock is bought.
It's this low Float that makes a big run much easier!
The only question that remains is when HNRC changes names to Cunningham Energy, will the Share Structure remain the same "pre-Uplisting" to NASDAQ or NYSE which automatically means the share price will need to be at least $4/Share to qualify for the Up-Listing.
So it would be in the company's best interest to retire several Million Shares from the O/S to make it easier to reach a $4 Share price to pre-qualify for listing on a Major Exchange.
Recent HNRC News
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