One of the stocks that made a major move on Tuesday was that of Homeland Resources Ltd (OTCMKTS:HMLA), which rallied by as much as 33% after the company made a key announcement.
Yesterday, the company announced that it hired the services of FOMO Corp’s subsidiary company FOMO Advisors LLC for the purpose of helping Homeland Resources in becoming current as per the reporting standards of the United States Securities and Exchange Commission. However, that is not all. It has also been revealed that FOMO Advisors is also going to help the company with consultancy services with regards to mergers and acquisitions.
On the other hand, FOMO Corp has also reached an agreement by way of which it is going to negotiate exclusively with Homeland Resources up until September 30, 2021 with regards to the possible merger of KANAB Corp. KANAB Corp is a subsidiary of FOMO Crop and is involved in the cannabis media space.
It is also well known for being the operator of Kanab Club, the cannabis health and wellness platform. Homeland Resources has been delinquent with regards to filings to the SEC for three years and the immediate concern of the company is to become current with SEC standards.
Market Reaction:
On Tuesday, HMLA stock went up 33.50% to $0.0287 with more than 19.11 million shares, compared to its average volume of 383k shares. The stock has moved within a range of $0.0210 – 0.0518 after opening the trade at $0.0225. Over the past 52-week, the stock has been trading within a range of $0.0030 – 0.0518.
 Stock Soars 185% in a Month: Will The Rally Continue?){kind=link}