Markets

UPDATE: Mira Resources Up 30%, Recovering From Yr Low Hit Earlier Today; Follows Tom Shot Bank Update

An image of stock prices rising and declining in value
Credit: Shutterstock photo

Mira Resources Corp (MRP.V) is up 3.5 cents or 30% late Tuesday afternoon, recovering after hitting a year low 11.5 cents earlier in this session. The stock has dropped from around the 30 cents mark at the end of November.

Yesterday, MRP announced that it had completed the Testing Program at Tom Shot Bank. Company analysis of the production models showed that due to near well bore reservoir damage during the original drilling of TSB 1 in 1980 when they took a hydrocarbon kick, additional stimulation techniques are required to increase the flow rates.

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

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


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

Other Topics

Commodities

Latest Markets Videos