High Plains Gas Inc (OTC:HPGS) has been climbing since the start of November, which was apparently the result of a series of press releases issued by the company.
On the last session 5.2 million shares were exchanged, which is a record high value for the stock. The heavy volume had apparently caused a significant buying pressure on HPGS as the stock finished 40% higher at $0.104.
Thus, HPOGS pushed above the resistance at $0.076 and above the 50-MA as well. HPGS achieved this surge not without the help of the recent news issued by the company.
First, on November 1 HPGS announced the signing of a purchase and sale agreement 
for the acquisition of Miller Fabrication. The purchase would be executed against cash and HPGS common stock.
Two days later, the completion of the BGM Buildings acquisition was announced. And last Friday, HPGS announced a debt conversion by members of the board.
The press release claims that the last structural change will reduce the annual interest payments by the company and reduce its outstanding debt by nearly $6 million.
