Barrell Energy, Inc., (OTCMKTS:BRLL) Gained As Much
As 84.78% In The Past Two Trading Days Due To Lithium Discovery News
And No Plans To Dilute Or Reverse Split, With Major Updates On The Way.
Barrell Energy, Inc., (OTCMKTS:BRLL) has been one of the top OTC Market gainers over the course of the past two trading days, with a move from an open at $.023 last Friday to a high of as much as $.0425 yesterday, before closing the day at $.041. This means that it gained as much as 84.78% since the open last Friday, completely outperforming the majority of stocks across all major exchanges.
The reason for BRLL bucking the overall downward trend of the market has been largely due to a tweet sent out by the company mid-day last Friday in which they officially stated that the company holds no intention of diluting or enacting a reverse split and that there are “massive plans” underway, that investors will be made aware of soon. The tweet can be viewed in its entirety here: https://twitter.com/barrelenergy/status/1570824795901788162?cxt=HHwWhIDQwYm12MwrAAAA
Barrell Energy, Inc., is focused on multiple “ventures within the green energy and battery minerals sector and the rapid development of valuable production opportunities throughout North America and abroad. The company holds important joint venture agreements to advance technologies and processes for Electric Vehicle batteries.” The fact that they already have joint venture agreements in place puts them well ahead of competing mineral exploration companies that often never land joint venture agreements, or take years to do so. Join venture agreements speed along the potential of being able to extract minerals rather than being caught in a perpetual stalemate of endless land tests, which are exactly what hold back the majority of mineral exploration penny stocks.
BRLL Recently Announced Discovery Of Areas Of High Lithium Potential:
On August 24th 2022, BRLL released a shareholder update stating that the company Barrel “has uncovered areas of high-level lithium potential within the oil and gas field brine waters of formations located in the southcentral U.S.” The Chairman of the company, Harp Sangha, went on to say that the company is pursuing acquisition of those lithium resources.
With the way that the overall OTC Market has been trending there is significant potential that there will be a reversal on BRLL in the immediate short-term, due to so many investors fearing holding on long to anything that sees a strong move to the upside but if the company was truly sincere in their most recent tweet update, there could be significant upside in the mid and long term on this one. We of course always suggest exercising caution but suggest keeping an eye on this one, as the majority of the stock market flounders.
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