Shares of PRMO.PK continued reaching for higher prices today. Earlier this morning, share prices reached $0.014, a 65% increase above yesterday’s closing price. In the past five trading days, the stock has risen 366%.
In recent news, the company announced that it has completed a preliminary economic assessment and will resume shipping gold bearing ore at the rate of 50 kilos per week, 1607.5 troy ounces.
Dror Moradov, President of Prom Resources, Inc, stated in the press release, “Standard Bank metals analyst Walter De Wet has been bullish on Gold, as are other analysts in the community who have call for an $800.00 price on Gold. We are pleased at the continued increase in gold prices, and expect that the increases in estimated proceeds from sales of material will further finance future operations, shipments and working capital.”
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