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Himalaya Technologies (OTCMKTS:HMLA) Stock Soared 35% Last Week: What’s The Buzz?

Himalaya Technologies (OTCMKTS:HMLA) jumped 36% last week. The company offered an update regarding the change in principal officers or directors, unregistered equity securities sale, and amendment of Articles of Inc. On June 18, the company appointed Vikram Grover as Director.

Following David St. James’ resignation on June 19 from all positions, the company appointed Grover as CEO, CFO, President, and Sectary. The company retained FOMO ADVISORS on June 22 for consulting and restructuring services and issued a 50 million common shares purchase warrant at $0.0001. Also, the company sold $151,500 junior convertible debt and netted $125,000, and as part of the financing, the company issued 2.5 million common shares and 15 million common shares purchase warrants at $0.01.

In June, the company amended its Articles of Incorporation for a name change from Homeland Resources Ltd to Himalaya Technologies. Equally, the company increased its authorized shares to 1.25 billion, comprising 1 billion ordinary shares. So HMLA is a stock worth watching in the coming weeks. On Friday, HMLA stock soared 13% at $0.0090 with more than 28.16 million shares, compared to its average volume of 2.42 million shares. The stock has moved within a range of $0.0072 – 0.0140 after opening the trade at $0.0084.

Published by Jon Williams

Jon graduated from the University of Michigan with a degree in finance. He is an avid investor and enjoys reporting on the markets. When he is not in front of a computer he enjoys playing golf and watching basketball.

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