Minerco Resources Inc. is Today's Focus Stock on MicroStockProfit.com
June 28 2010 - 6:50AM
MicroStockProfit.com announces an investment report featuring
Minerco Resources Inc. (OTCBB:MINE). The report includes financial,
comparative and investment analyses, and recent company news that
you need to know to make an educated investment decision.
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The full report is available at:
www.microstockprofit.com/lp/MINE
MINE has been relatively stable recently. This is evidenced by
the width of its Bollinger Bands which are tighter than normal.
Additionally, MINE is trading within its Bollinger Bands. This is a
normal condition and suggests that the stock is neither overbought
nor oversold relative to the recent price action.
Minerco Resources Inc. (MINE) is a progressive developer,
producer and provider of clean, renewable energy solutions in Latin
America. The Company was incorporated in 2007 as a stage oil and
gas company. MINE's current focus is on clean, renewable energy
projects throughout Latin America. In line with this new vision,
MINE has acquired 100% of the 6 mega-watt Chiligatoro
Hydro-Electric Project in Honduras.
In the report, the analyst notes:
"During the three months ended April 30, 2010 MINE incurred a
net loss of $4,894, compared to a net loss of $7,942 during the
same period in fiscal 2009. The Company's net loss per share did
not change during these periods. The decrease in its net loss
during the three months ended April 30, 2010 was primarily due to
reduced General and Administrative Expense.
"The Chiligatoro Project's 30 Year Operations
Contract, granted by Secretaria de Recursos Naturales y Ambiente
("SERNA"), Honduras's Natural Resources and Environmental Ministry,
establishes an initial capacity of 5.2 mega-watts per hour (MW-h)
for a term of 30 years. As previously released, consideration for
increased capacity can be obtained based on final plant design and
SERNA approval. MINE expects to receive increased capacity approval
after submission of the Final Design."
To read the entire report visit:
www.microstockprofit.com/lp/MINE
See what investors are saying about MINE at penny stock
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nothing contained in any materials should be construed as a
recommendation to buy or sell any securities. MicroStockProfit.com
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CONTACT: MicroStockProfit.com
Brian Johnson
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