Foothills Exploration Inc (OTCMKTS:FTXP) Stock Gains Momentum: What to Expect Now?

It was a fairly positive day for Foothills Exploration Inc (OTCMKTS:FTXP) yesterday as the company’s stock managed to deliver gains of as much as 14% after the company’s provided a key corporate update. Yesterday the company announced a corporate as well as an operational update.

In addition to that, Foothills also announced that it concluded the first phase of its initiative with regards to regaining compliance with the OTC Markets. With regards to the compliance update, the company announced that it submitted its quarterly report for the third quarter of 2020 to the OTC Markets on July 14, 2021.

A week later on July 21, 2021, the company submitted its annual report for the full year 2021 to the OTC Markets. Later on, on July 30, Foothills completed the submission of the quarterly report for the first fiscal quarter of 2021. The submissions are aimed at regaining compliance with the OTC Markets and to get Pink Current status. In this regard, it should be noted that Foothills has submitted all the financial filings with the OTC Markets for regaining compliance. The deadline for the submissions had been set for September 30, 2021. However, the company has managed to complete it many weeks prior to the deadline.