Primero Mining Shares Hit Year High, Up 34% on Tax Ruling

By
A A A

Primero Mining Corp.'s ( PPP ) shares soared to a new year high of $7.92, but are now trading off that level at $7.21, up 33.5%, after the company announced that its Mexican subsidiary has received a positive ruling from the Mexican tax authorities on its Advance Pricing Agreement filing made in October 2011. The ruling confirms that the subsidiary appropriately records revenue and taxes from sales under the silver purchase agreement.

PPP shares have traded in a day range of $7.14 - $7.92, and a year range of $2.28 - $7.92.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks: PPP

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

Quick on Your Feet
Quick on Your Feet                  
Early Entrepreneurship
Early Entrepreneurship              

Stocks

Referenced

67%

Most Active by Volume

48,099,947
  • $16.09 ▲ 0.50%
40,277,806
  • $102.50 ▲ 0.24%
40,236,499
  • $19.57 ▲ 2.35%
31,092,510
  • $49.75 ▲ 0.65%
30,795,218
  • $34.92 ▲ 0.78%
29,910,855
  • $3.63 ▲ 0.83%
24,019,154
  • $13.06 ▼ 0.38%
23,753,906
  • $74.82 ▲ 1.31%
As of 8/29/2014, 04:04 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com