There are a number of stocks which are already in focus among investors this morning and one of those is the Houston Natural Resources Corp stock. The company came into focus in a big way this morning after it announced that it was going to complete the acquisition of more wastewater treatment facilities.
Houston Natural Resources Corp is looking to develop a network of such facilities and the acquisition is a part of that initiative from the company. The transaction is expected to be completed at some point this month. The equipment that is going to be acquired by the company has been appraised at $13 million and it is going to lead to a boost of $10 million when it comes to the assets of the company.
More importantly, the assets generate revenues already and in 2022, it is expected that it would bring in revenues to the tune of as much as $8.5 million to go along with EBITDA of $1 million. On the other hand, the revenues for 2023 are expected to hit $11 million and the EBITDA is projected to soar to $1.5 million. The development could well be a significant one for Houston Natural Resources Corp in the long run and its ambitions to become a major player in the wastewater treatment space.
The company that Houston Natural Resources Corp is going to acquire is a specialist in mining, agricultural, industrial and agricultural sectors. In addition to that, it is also involved in the pump systems and water wells in the agricultural sector. It has been in business for as long as seven years and has managed to build up a track record already. It is going to be interesting to see if the latest development leads to any traction in the Houston Natural Resources Corp stock today.
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