Auri Inc (OTCMKTS:AURI) Stock Gains Momentum On Acquisition News
On Thursday, Auri Inc (OTCMKTS:AURI) was one of the companies which had come on to the news cycle after it made a major new announcement. The company announced that it had signed an acquisition agreement with the Texas based oil and gas company Lowe Energy LLC, which would constitute another addition to the company’s growing portfolio of new assets.
On Thursday, AURI stock ended flat at $0.0004 with more than 14.14 million shares, compared to its average volume of 13.13 million shares. The stock moved within a range of $0.0004 – 0.0005 after opening trade at $0.0004.
New Acquisition and Business Development
Auri is currently focussed on building a portfolio of companies and more importantly, this acquisition will also show revenues for the past few years and also the future. In this context, it could be a good idea for investors to consider taking a closer look at Lowe Energy as an asset.
It is a company that has been in business for two decades and is based out of Texas. The company’s leader Josh Lowe is an experienced professional in the oil and gas industry. Following the acquisition Lowe would continue to serve as the Chief Executive Officer of the company that bears his name.
Auri is planning to acquire a number of companies with a track record of revenues and production related to both domestic and foreign exploration. Auri also thanked all the shareholders for their continued support and loyalty.