Mart Resources Jumps Nearly 12% As Posts Record 6-Month Results
Mart Resources (MMT.V) jumped by nearly 12% after announcing that it posted a net income of $29.7 million or $0.09 per share for the 6 months ended June 30, 2011, compared to $5.3 million for the 6 months ended June 30, 2010, after revenues increased by 256% to to $47.7 million from $13.4 million.
The company also reported a 397% increase in cash flow from operating activities to $38.8 million or $0.12 per share through the end of Q211 compared to the previous year's $7.8 million or $0.02 per share.
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