Hiru Corporation (OTC: HIRU) Stock In Focus After Providing Clarity Regarding Ongoing Strategic Growth

Given the announcement from the company last week, it is quite likely that the Hiru Corporation (OTC: HIRU) would be in focus among investors this week. On November 22 the company provided a significant new update and it may be a good time to look into it.

Current Initiatives

The company provided its shareholders with further clarity with regards to its current growth related initiatives that had been enumerate in a previous news release. In last week’s news release, Hiru Corporation reiterated that it had been successful in the integration of mining assets, mainly situated in Australia, worth $90 million.

The company noted that there was expectation to grow those assets by more than $130,200 million. It was also noted that the assets in question were owned privately by the Hiru Corporation primary shareholders and chairman. The latest initiative was also a demonstration of the inherent value in its business, the company claimed.

New Share Issue

The company revealed that in order to finance its expansion plans, it was going to issue shares to some selected private investors. The capital raised from the share issue would provide the funds for the financial, auditing and legal services needed to help with the integration of those assets.

Fundamentals

P/E Ratio	0.8200
PEG Ratio	–
Price to Book	0.07
Price to Cash Flow	–
Price to Free Cash Flow	–
Total Sales (TTM)	19.54 M
Revenue per Share (TTM)	0.01
Shares Outstanding	3.888 B
Share Float (%)	2,569.44 M (66.09%)
% Held by Institutions	0.01