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AGR Tools Inc. (OTCBB: AGRT) Surging but can they Sustain Elevated Share Price?

Posted on May 30, 2012 by OTC Equity

It has certainly been a year of change for AGR Tools Inc. (OTCBB: AGRT) as the company, along with its wholly owned subsidiary AGR Energy Holdings Inc., has experienced quite a shakeup with the resignation of their Board of Directors along with a 500:1 reverse stock split of the company’s common stock. Now on Wednesday AGRT announced that they have entered into a letter of intent with Consolidated Oil and Gas to acquire a 80% ownership interest in the 700 acre Paul Lease in Overton County, Tennessee. Wednesday's news has played a significant role in sending the share price of AGRT north with trading holding around the 0.64 level. Given the fact that shares were as low as 0.1550 on Tuesday and had sunk to 0.1200 last Friday its hard not to be impressed. That being said, the question is what do investors see in AGRT? For the quarterly period ended March 31, 2012 the comp...

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