PRMO.PK shares began this week with a large 24% increase in price. Today’s price action is a continuation from an uptrend begun last week after the stock formed a solid base at $0.014. Currently, the stock is trading at a 121% higher price from the base created.
Prom Resources is focused on exploring and extracting gold ore, corundum, and beryl material from eight different mining and exploration perimeters in Madagascar. The company’s 80 Perimeters in the area of Ambohilovolovo have potential for significant gold prospects.
Prom Resources’ Chief mining engineering consultant has initiated the evaluation of the property and is planning to begin a Feasibility Study and program. Madagascar’s mining industry is currently underdeveloped and contains plenty of opportunity for Prom Resources to increase its assets and revenues.
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