Great results, indeed, but nothing compared to what posters over the Internet predict for Texas Wyoming Drilling Inc. (PINK:TWDL). Numbers are thrown away just like that – $2 per share soon, why not $10 per share. Well, in the penny stock world anything is possible. Yet, better stick to the reality at hand – $0.15 per share. 
Not that it is a bad present situation. On the contrary – June was a day of all time highs in the trading volume, as well some long forgotten price levels. The fact of the matter is that it was June 2010 when this stock went to $0.15 and above, before crashing down close to sub-penny levels. One year later, it is gaining momentum again. Here is how it goes:
- June 1st, 2011: 14k shares exchange hands, session opens at $0.03; closes at $0.03;
- June 8th, 2011: 29k shares exchange hands, session opens at $0.028; closes at $0.035;
- June 9th, 2011: 2 million shares exchange hands, session opens at $0.035; closes at $0.07;
- June 30th, 2011: 1.6 million shares exchange hands, session opens at $0.09;closes at $0.15;
The last two trading sessions listed above are remarkable, providing not only new all-time highs in the trading volume, but also because of the noticeable increase in the stock price. As for the catalyst – there is more than one. It all starts on the 9th when TWDL announced that a team of professionals would study to certify proven reserves at a company property. Figures like $58+ billion dollars worth in reserves are also mentioned. More than enough for a trading frenzy to form, and the right time for another player to appear – Hotstockcafe. Compensated with 500k restricted company shares, its promotional newsletters would hit mailboxes that day, as well as on several other occasions, the last one being yesterday. [BANNER]
In all fairness, as the hype formed it was sustained by additional information coming from the company. Most noticeable is the that from yesterday – “TWDL Begins Mining at Blue Jacket Mine”. It looks like the trading hype is far from over. There is, however, one more aspect of the company not to go overlooked. It relates to the label “Pink Sheet Limited Information”, as shown on otcmarkets.com. The last quarterly statement filed is of particular interest. It covers the first three months of this year and should be a vital part when considering the company as an investment opportunity. Includes interesting data, much like the present situation of the company. The question is – what would the next 10-Q look like?
