HIRU Corporation (OTC:HIRU) Stock Surges 23%: Here is Why

This morning investors are going to be focused on those stocks that may have clocked considerable gains recently, and hence, the HIRU Corporation (OTC:HIRU) stock could be in play. Last Friday the stock was on a tear and ended up with gains of 23% for the day.

Key Developments

On November 15, the company not only announced its financial results for the third fiscal quarter but also provided key updates. At the end of the quarter, the number of outstanding shares went up by 1.2 billion shares to 3.888 billion. The shares had been attributed to the Chairman and CEO, who took control of HIRU.

He also merged the Australia-based Balfour project with HIRU and settled the previously existing liabilities and debts through self-funded financing. As a consequence, the company became debt-free three months after the new ownership group and management came into the picture. 

Further Information

The company also announced that its revenues in 2024 went up to $11 million so far, which reflected a considerable rise from the $1 million it brought in last year. The operating profits also went up from only $112,670 in the prior year quarter to $2.76 million in the third fiscal quarter.

Technicals

+/- EMA(20)	0.0018 (-11.11%)
+/- SMA(50)	0.0025 (-36.00%)
+/- SMA(200)	0.0015 (+6.67%)
5-Day Perf.	-5.88%
1-Month Perf.	-38.46%
3-Month Perf.	+6.67%
6-Month Perf.	+128.57%
YTD Perf.	+100%
1-Year Perf.	+33.33%
RSI(14)	42.5
ATR(14)	–
ADX(14)	20.15
Beta (5Y)	0.28