Shares of AGR Tools Inc. (PINK: AGRT), a company engaged in the development, acquisition and exploration of oil and gas resources vital to the world’s health and welfare, rose sharply in Wednesday’s trading session.

The penny stock of AGRT ended the day 2.59% higher at $0.515, with volume up from daily average of 646,177 to 7.41 million. The stock gained 94.34% in the last three trading sessions.

AGR Tools shares rose after the company announced on Wednesday that it signed a Letter of Intent with Consolidated Oil and Gas to acquire an 80% ownership interest in the 700 acre Paul lease in Overton County, Tennessee.

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