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Houston Natural Resources Corp (OTCMKTS:HNRC) Stock Gains Momentum: Here is Why

Over the course of the past week the Houston Natural Resources Corp (OTCMKTS: HNRC) stock has been in the middle of a remarkable rally and it continued yesterday as it clocked gains of another 60%. Yesterday’s gains took the cumulative gains made over the course of the past week to as much as 82%.

The rally in the stock came about after the company announced its financial results for the fiscal year ending on December 31, 2022, back on March 7. It could be a good idea to take a look at the highlights from the financial results. Houston Natural Resources Corp managed to generate total revenues of $20,516,899 in the fiscal year, which reflected a year-on-year improvement of 12.6%.

On the other hand, the total earnings generated by the company in those twelve months stood at $9,821,899 and worked out to a rise of 25.5% from the $7,820,857 that had been generated in the previous year. The total valuation of the assets with Houston Natural Resources Corp at the end of the period was $92,741,566 and that figure reflected a year-on-year rise of 24.9% from the valuation of $74,251,027 at the end of the previous fiscal year.

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