HIRU Corporation (OTC:HIRU) Stock Falls After Key Corporate Updates

The HIRU Corporation (OTC:HIRU) stock did not end last week on a strong note as it suffered from a selloff on Friday and ended up with a decline of 5%. It could be a good time to take a look into the announcement from the company last week.

The Updates

The company provided an update with regards to certain new developments as well as about its investments. In the news release, HIRU Corporation first thanked its Chairman and Chief Executive Officer, H E Khalid Nasser A S Al-Thani, a noted member of the Qatari Royal Family, one of the wealthiest in the world. HIRU Corporation stated that the company continued to enjoy its CEO’s unwavering support.

Institutional investors remain interested.

In addition to the personal investments made by the company’s chairman and CEO, HIRU Corporation also continued to generate interests from Qatar-based institutional investors. The company stated that the rising interest was also a reflection of the confidence in HIRU Corporation’s prospects in the long term and its business operations.

Investment Update

HIRU Corporation noted that its CFO had earlier stated that the company’s investments were considerably bigger than the public perception. The company would also make announcements soon about the acquisitions of a number of natural resources and mining assets in Australia. The finalization of those acquisitions would demonstrate the real size of HIRU Corporation, the company asserted.

Technicals

+/- EMA(20)	0.0027 (-33.33%)
+/- SMA(50)	0.0029 (-37.93%)
+/- SMA(200)	0.0014 (+28.57%)
5-Day Perf.	-40%
1-Month Perf.	-41.94%
3-Month Perf.	+12.5%
6-Month Perf.	+200%
YTD Perf.	+125%
1-Year Perf.	+125%
RSI(14)	30.97
ATR(14)	–
ADX(14)	18.76
Beta (5Y)	0.27