DALLAS, June 28, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Minerco Resources Inc. (OTCBB:MINE). The report includes financial, comparative and investment analyses, and recent company news that you need to know to make an educated investment decision.
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The full report is available at: www.microstockprofit.com/lp/MINE
MINE has been relatively stable recently. This is evidenced by the width of its Bollinger Bands which are tighter than normal. Additionally, MINE is trading within its Bollinger Bands. This is a normal condition and suggests that the stock is neither overbought nor oversold relative to the recent price action.
Minerco Resources Inc. (MINE) is a progressive developer, producer and provider of clean, renewable energy solutions in Latin America. The Company was incorporated in 2007 as a stage oil and gas company. MINE's current focus is on clean, renewable energy projects throughout Latin America. In line with this new vision, MINE has acquired 100% of the 6 mega-watt Chiligatoro Hydro-Electric Project in Honduras.
In the report, the analyst notes:
"During the three months ended April 30, 2010 MINE incurred a net loss of $4,894, compared to a net loss of $7,942 during the same period in fiscal 2009. The Company's net loss per share did not change during these periods. The decrease in its net loss during the three months ended April 30, 2010 was primarily due to reduced General and Administrative Expense.
"The Chiligatoro Project's 30 Year Operations Contract, granted by Secretaria de Recursos Naturales y Ambiente ("SERNA"), Honduras's Natural Resources and Environmental Ministry, establishes an initial capacity of 5.2 mega-watts per hour (MW-h) for a term of 30 years. As previously released, consideration for increased capacity can be obtained based on final plant design and SERNA approval. MINE expects to receive increased capacity approval after submission of the Final Design."
To read the entire report visit: www.microstockprofit.com/lp/MINE
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