(HOMS) Stock Climbing High
Shares of Homeland Security Capital Corp. (OTC:HOMS) posted the highest one day gains on Tuesday in the past six months and the stock made a new 52-week high in the intraday session.
Shares of HOMS gapped up after the security solutions company said that it has reached an agreement to sell one of its subsidiaries to Safety and Ecology Holdings Corporation, to Perma-Fix Environmental Services, and valued the deal at $24.50 million.
The agreed amount is payable consist of $22 million in cash and the remaining via unsecured promissory note.
No doubt, traders or investors reacted positively to HOMS development and there were huge buying taking place as the stock closed higher by 76.36% to $0.0388. However, the stock cooled off sharply from its intraday gains of 263%. Volume was huge with more than 12.30 million shares exchanged hands, compared to its average volume of 36.63K shares.
HOMS Stock Soars
HOMS stock is trading well above its 50-Day Moving Average and 200-Day Moving Average of $0.02 and $0.03 respectively.
HOMS had total outstanding shares of 50.92 million, of which 30 million shares were floating. HOMS has Enterprise Value of $18.24 million as of Jul 20, 2011 with a market capitalization of $1.98 million as of yesterday.
For the quarter ended March 31, 2011, Homel and Security Capital Corp. (OTC:HOMS) had reported revenue of $24.6 million, compared to a year ago sales of $23.7 million. However, net loss during the quarter climbed to $1.1 million or 2 cents a share, compared to a year ago loss of $724K or a penny a share.
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