New Exploration Hopes Encourage Avro Energy, Inc. (OTC:AVOE) Investors Again

Hopes for new oil and gas properties managed yesterday to push Avro Energy, Inc. (OTC:AVOE) up again for another remarkable jump. The volume spike made the company become, by far, the top gainer among its peers.

Yesterday’s spring by 107.1% led to the highest value for the stock this year, following a couple of months without any significant movements in the price. The trading volume, exceeding 3 million shares, has also never been that high over the past year. The close of $0.32 yesterday is still far away from the 52 week top of $2.42, though it was a good result from the joint efforts of promoters, PRs and stock newsletters, working hard together over the week.

Along with the promotion and the presence in various investor alert newsletters, an announcement said yesterday, that Avro Energy has signed a right to acquire an oil and gas property in Louisiana. Because of the high oil demand, the company intends to exercise its right and acquire the property. Plans to increase production were also released last week.

The promotion for the exploration-stage company yesterday was paid with 500,000 free trading shares from Avro Energy stock, revealing that it was probably an attempt to push the price as high as possible in the short-term and to cash up quickly from the spring. That sounds like a more plausible explanation for the sudden strong demand, than the financial results filed last week, showing that additional capital will have to be raised in any case:

• Cash +assets =$53,036, compared to
  
  • Total debt of $662,904
  • Net loss of $599,063 (16 time more than the year before)

Though, it looks like the stock is still in a starting position and has full potential to bounce up higher, as it did last October and November when as somewhat similar announcement of new property acquisitions managed to push the price over the $1 border. Maybe this time investors will