Rancher Energy Corp. (RNCH.OB) share prices rose 9.68% Wednesday afternoon, as 51915 shares were traded.RNCH.OB recently filed their Income Statement, form 8-k, and financial statement for term ending March 31, 2007.
Revenues for the company increased to $1.2 million, with a higher increase expected for 2008 as the companies producing fields will have four full quarters to contribute to their overall revenue.
Rancher Energy Corp. was also able to raises approximately $89 million in private placements. Out of the $89 million secured, $73 million of the private placement was used to acquire three historically productive oil fields in the Powder River Basin
