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Shares of Independence Energy Corp. (IDNG) Rise Thursday after Company signs LOI

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Shares of Independence Energy Corp. (OTC: IDNG), an exploration stage company engaged in the acquisition of oil and natural gas properties in Canada and the U.S., rose sharply in Thursday’s trading session.

The penny stock of IDNG ended the day 7.63% higher at $4.09, with volume up from daily average of 659,916 to 1.72 million. The stock gained 9.36% in the last three trading sessions.

Independence Energy shares rose on Thursday after the company announced that it signed a Letter of Intent to acquire additional interest in Shields-MEI #105H horizontal well project in Coleman County, Texas.

Gregory C. Rotelli, CEO of Independence Energy, said that IDNG believes adding to its current ownership interests fits its aggressive growth strategy.

Posted by on Friday, June 15th, 2012. Filed under Internet, Technology. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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