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Big Mover; AGR Tools Inc. (AGRT)

By Warren Paige

AGR Tools Inc. (PINK: AGRT) shares have risen sharply in early trading today. At last check, AGRT shares were trading 28.13% higher at $0.205 on volume of 1.59 million. The stock touched an intra-day high of $0.22 in early trading today.

AGR Tools shares have risen sharply after the company provided an update on its previously announced acquisition of the Paul Lease in Overton County, Tennessee. AGRT said that it is currently conducting due diligence at the lease.

AGRT said that a title opinion is expected to be commissioned on June 21, 2012. The company plans to conduct a review of the drilling program with all the parties involved.

In addition, AGR Tools also plans to hold a Global Investor Conference Call, which will be hosted by CEO Vern Wilson and CFO Scott D. Allen.

 

June 18th, 2012 | Tags: | Category: Hot MicroCaps

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.