This week the stock of High Plains Gas, Inc. (OTC:HPGS) keeps jumping out of its range and getting unseen this year trading volumes. That has been initiated before market close on Monday afternoon by the filing of the company’s quarter report for the first three months of the year, and it has been supported by a number of promotional newsletters. 
Yesterday HPGS share price went up to $1.48 and closed the market at $1.35 with a 6.30% increase from Monday close and on a trading volume of around one million shares. Over 2.3 million shares changed hands in just two sessions this week, which is almost astonishing for the average daily turnover of 101,000 shares. The result is a new resistance level, but also still a long way up to the 52-week high of $3.10 for a share.
In any case, HPGS has become much more attractive for trading, for which also the promoters had their part. Six promotional e-mails have been sent this week only, the budget of the campaign being at least $50,000. The last one arrived yesterday evening and the sender promises that “things are just getting brewing with HPGS, and there is a lot more news to come!”
If promotions count as “news” is another question, because it looks like there will most probably be more promotions: according to the disclaimer, the promoters expect to receive another $75,000 to extend the campaign. In that particular case, there are at least some fundamentals to point out.
HPGS has several producing natural gas wells in the Powder River Basin. For this year’s first three months the reported revenues from oil and gas production were stunning 11 times higher that the same period last year. Which, however, was not enough to cover even the expenses to operate the wells. In net results: net loss was $7 million compared to $248,000 last year, or from $0.01 to $0.04 per share.
