Investors who have been watching the markets closely must have noticed that Houston Natural Resources Corp (OTCMKTS:HNRC) was one of the stories of the day on Thursday after the company managed to deliver a record-breaking quarter.
Hence, it is quite likely that the stock is going to come into sharp focus among investors this morning. The financial results announced by Houston Natural Resources Corp was for the three-month period that ended on March 31, 2022. In this situation, it could be a good move for investors to actually take a closer look at the numbers and then make their minds up about the stock, one way or another.
In the aforementioned quarter, the company managed to bring in revenues to the tune of as much as $3,562,169 and that proved to be 41% higher on a year-on-year basis than the $2,518,986 in revenues it had generated in the prior-year period.
On the other hand, the total earnings that Houston Natural Resources Corp managed to generate in the quarter stood at $2,062,075. That reflected a rise of as much as 123% from the total earning of $920,866 that had been generated in the prior-year period.
It was quite clear to see that within a one-year period, Houston Natural Resources Corp had managed to make a significant leap in terms of its business.
The company managed to generate earnings per share of $0.08 and that was again higher than the $0.06 earnings per share that was generated in the prior-year period. At the end of March 31, 2022, Houston Natural Resources Corp reported that its net asset value stood at $3.03 a share. It may now be a good move for investors to start tracking Houston Natural Resources Corp a bit more closely.
