so indefinite all the time. Yesterday, the stock made another effort to climb up and now it is interesting what its next move is going to be.Throughout the whole March, LBYE has been regularly promoted and yesterday the campaign was on again. By now, Liberty Energy appeared in 12 promotional e-mails and some of the paying parties remained unknown. The fact is that the whole compensation for the campaign in March reached $171.300 in total and no one can predict if to expect more promotions in future. Though, the crisis and the uncertainty for Liberty Energy Corp. continues.
However, along with the promotional series LBYE keeps releasing hot news on its business. Again yesterday, the company reported they have extended their previous equity financing agreement with Asia-Pacific Capital Ltd to $8 million. According to the announcement, the money will be used for drilling and other operating expenses. It fueled up the stock price at once and brought new hopes to investors.
Liberty Energy Corp. is an independent oil and gas exploration and production company engaged in the sourcing and production of fuel supplies in the US and Europe. The promotional alerts presented the company as a perfect opportunity for making a profit, however, there is still no proof of this statement.
Meanwhile, the chart position of LBYE keeps inspiring suspicions instead of confidence due to the consistent stock price variation. The truth is that this month the promotional campaign is not so expensive and most probably that’s the reason why the stock price is not higher than $0.5 per share. Besides, the financial report of LBYE doesn’t look as optimistic as presented. Though, as Liberty Energy has just announced some additional funds, the results are about to be seen.[BANNER]
According to their latest 10-Q report, Liberty Energy claims that any issuances of the company’s equity or debt securities will be required to finance its operations and their present revenues are insufficient to meet all operating expenses.
Currently, the main question is whether LBYE is capable of holding the up move on promotions and positive press releases, as traders might not find the company’s achievements so bright.
