Verde Bio Holdings (OTCMKTS:VBHI) Stock Extends Rally: Jumps 15% in a Week

Oil and gas firm Verde Bio Holdings (OTCMKTS:VBHI) currently has revenues producing and royalty interests at as many as 391 oil wells across the United States.

Market Action:

On Friday, VBHI stock moved up 3.03% at $0.0170 with more than 16.68 million shares, compared to its average volume of 16.18 million shares. The stock has moved within a range of $0.0160 – 0.0175 after opening the trade at $0.0169.

Major News

This past Friday the company was in the news after it made an announcement with regards to the fact that its stock was successful in qualifying for the OTC Venture Market, an exchange that is overseen by the OTC Markets Group Inc. The common shares of Verde Bio started trading on the OTC Venture Market this past Friday but ended the day with a decline of 3%. In addition to that, it is also necessary to point out that the stock suffered losses of as much as 13% for the whole week.

Despite the decline in the stock price, investors need to keep in mind that a listing on the OTC Venture Market is a significant achievement for Verde Bio. Scott Cox, who is the Chief Executive Officer of the company, spoke about the listing as well. He stated that the listing on the exchange was an indication of the sort of progress Verde Bio managed to make over the course of the past year. This listing is also expected to help the stock in getting higher visibility.

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