GPLS

Geopulse Exploration Inc. (OTC:GPLS) Slows Down

Shares of Geopulse Exploration Inc. (OTC:GPLS) slid modestly on Wednesday following a heavy gains in the past few trading sessions.

GPLS shares started running higher on last Wednesday, when the stock soared from $0.08 to $0.26 a gain of 225% on low volume, which were about 428K shares.

Then, GPLS stock climbed another 30% to $0.33 on Monday with over 142K shares followed by a 3% jump in yesterday’s trading sessions. However, yesterday’s volume was quite unusual with more than 1.16 million shares traded, compared to its 10-day Avg Vol of 264K shares.

Yesterday’s volume was largely driven by news that GPLS has completed its initial stage Copper, Gold and Potash Properties acquisition strategy. Geopulse Exploration further stated that it would move ahead with its plan.

This morning, GPLS stock opened slightly higher, but swings to losses later. Now the stock is trading lower by 28% to $0.245 with more than 183K shares traded hands.

GPLS Holding Strong

Within a time span of six months, Geopulse Exploration Inc. (OTC:GPLS) has completed three major acquisitions including metalliferous mineral and copper property, a mineral property in the La Sal Mountain region and Potash Property Lease located in the State of Utah.

If we look at the company’s financial background, its not impressive with the company is yet to generate revenues, with its working capital still showing negative balance and with an assets base of $19.5K.

From the technical point of view, GPLS has crossed both its 50-Day Moving Average and 200-Day Moving Average price of $0.12 and $0.09.
GPLS had total outstanding shares of 136.18 million shares, of which 12.80 million shares were floating.

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