Due to the current geopolitical climate, the commodities market has been in the middle of considerable turbulence and hence, it has also made it possible for enterprising investors to make fortunes in the metals sector. There are plenty of options for investors who are currently looking into the possibility of investing in metal stocks, however, at the same time, it is also necessary to conduct diligent research on any particular company before deciding on a course of action.
At this point in time, it may not be a particularly bad idea to look into companies that may be a bit under the radar and that brings us to the possibility of taking a closer look at Here To Serve Holding Corp (OTCMKTS:HTSC). This article is going to provide you with a fairly detailed overview of the company and some of the recent events which may have an effect on the fortunes of its stock.
Trading Data
On Friday, HTSC stock slid 3.13% to $0.0310 with more than 166k shares, compared to its average volume of 96K shares. The stock moved within a range of $0.0290 – 0.0320 after opening trade at $0.0290.
About The Company
Here To Serve Holding Corp operates in the form of a holding company and currently controls a total of three main operating units. One of the more important subsidiaries of the company at this point in time is Fortune Nickel and Gold Corp, which is well known for having ownership of as many as 182 mining cells in the Timmins mining camp located in Ontario in Canada.
The zone is known to be highly prolific with regard to gold, nickel, and copper production. Nickel is a particularly important and on-demand metal currently due to its considerable uses in the electric vehicle battery metal space.
Here To Serve Holding Corp. Reports Nine-Month Operating Income of $1,320,883 with Revenues of $1,935,374
On Monday, the company had actually come into sharp focus among investors after it announced its financial results for the nine-month period that had ended on June 30, 2022. Here To Serve Holding Corp reported that it had clocked operating income to the tune of $1,320,883 for the period and that reflected a staggering rise of as much as 258% from the operating income of only $304,750 in the corresponding nine-month period back in 2021.
On the other hand, the revenues for the same period stood at $1,935,374 and that worked out to a year-on-year rise of as much as 145% from the revenues of $790,800 in the ninth month period that had ended back on June 30, 2021. Paul Riss, who is the Chief Executive Officer of Here To Serve Holding Corp noted that the company continued to generate profits due to its gold and nickel exploration activities through its subsidiary unit.
In addition to that, Riss also noted that at this point the company was working on negotiations for the purpose of bringing in a new drill at its Gowan project. The drill is going to be used for the purpose of drilling a core hole that may contain as much as 27 feet of 3.5% nickel sulfide to go along with 1.2% copper. It is now going to be interesting to see if the latest strong performance over the past nine months leads to any major move in the Here To Serve Holding Corp stock or not.
Technical Data
HTSC stock is trading below the 20-Day and 50-Day Moving averages of $0.0386 and $0.0490 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0618. The company has a total market capitalization of $1.58 million. The stock is down 60% over the past month.
