PORMF Pro Or Inc featured news, full reports, and detailed charts
Pro Or Inc (PORMF/PORMF.PK) Wrap Up:
Ressources Minières Pro-Or Inc. engages in the exploration and development of mineral resource properties in Canada. Its principal property includes the Menarik chromite-nickel-copper-platinum property in the James Bay area of northern Quebec. The company was founded in 1986 and is headquartered in Montreal, Canada.Pro Or Inc (PORMF:Pink OTC Markets Inc)
Snapshot of Pro Or Inc (PORMF)
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OPEN
$0.19
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PREVIOUS CLOSE
$0.24
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DAY HIGH
$0.19
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DAY LOW
$0.19
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52 WEEK HIGH
07/30/09 - $0.24
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52 WEEK LOW
01/27/09 - $0.10
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MARKET CAP
7.2M
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AVERAGE VOLUME 3 mo
1.2K
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DILUTED EPS TTM
--
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SHARES OUTSTANDING
37.9M
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PORMF Does Not Pay Dividends
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P/E TTM
NM
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| K = Thousands M = Millions B = Billions | ||
PORMF Top Compensated Officers
Executives, Board Directors
Key developments for Pro Or Inc (PORMF)
Ressources Minières Pro-Or Inc. reported unaudited earnings results for the second quarter and six months ended June 30, 2009. For the quarter, the company reported loss and comprehensive loss of CAD 190,947 or CAD 0.00 per basic and diluted share against loss and comprehensive loss of CAD 170,304 or CAD 0.00 per basic and diluted share in the same period of last year. Interests were CAD 1,233 against CAD 9,282 in the same period of last year. Net cash used in operating activities was CAD 81,052 against CAD 97,846 in the same period of last year. For the six months ended June 30, 2009, the company reported loss and comprehensive loss of CAD 389,567 or CAD 0.01 per basic and diluted share against loss and comprehensive loss of CAD 317,032 or CAD 0.01 per basic and diluted share in the same period of last year. Interests were CAD 1,233 against CAD 19,493 in the same period of last year. Net cash used in operating activities was CAD 457,984 against CAD 367,169 in the same period of last year. Plant and equipment were CAD 469 against CAD 1,533 in the same period of last year.
Ressources Minières Pro-Or Inc. presents the results of the prospection and drilling campaign completed on its Menarik property in 2008. The twenty drill holes, totalling 6,069 meters, were aimed at targets located both within and oustside of the ultramafic complex. Within the ultramafics, the holes targeted chromite showings far from the resources previously evaluated, as well as nickel and palladium showings partly explored by previous drilling. The holes outside of the complex were planned to explore surface showings of gold and base metals that had not been tested yet by drilling. The Hole MK-08-05 located near showing Cr-11, produced the most interesting results for chromite: it intersected a 28.2-meter section grading 14.8% Cr2O3, including a rich section of 7.2 meters with 35.1% Cr2O3 and an excellent bulk chromium to iron ratio of 1.93. Further drilling will be necessary to define the orientation and potential extent of this zone. The Hole MK-08-02 under showing Cr-6 also returned promising results: two wide chromite intersections, one of 25.8 meters bearing 4.1% Cr2O3, the other of 23.3 m with 4.9% Cr2O3. The similarity of the two sections leads the geologist to suspect a doubling of the same zone by a fold or a fault. Taking into account intersections observed in three holes drilled nearby in 2007, namely 10.6% Cr2O3 along 16.5 m, 15.4% Cr2O3 along 14.3 m and 7.6% Cr2O3 along 7.3 m. Five drill holes were aimed towards an electro-magnetic target detected in the complex by the 1996 airborne survey. The first three holes drilled on this target in 2007 had intersected a promising zone of nickel-copper mineralization. The five 2008 drill holes and a down-hole EM survey confirmed its continuity.
Ressources Minières Pro-Or Inc., Annual General Meeting, Aug 18, 2009, at 13:30 Eastern Daylight. Location: St-Pierre Room, InterContinental Hotel, 360 rue St-Antoine West, Montreal, Quebec,Canada. Agenda: To receive and consider the audited financial statements for the fiscal year ended December 31, 2008 and the auditors' report thereon; to elect the directors; to appoint the auditors for the coming year and authorize the directors to fix their remuneration; to transact any other business as may properly be brought before the Meeting or at any adjournment thereof .
PORMF Competitors
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| No competitor information is available for PORMF. | |||
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Industry Analysis
| Valuation | PORMF | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | -- | Not Meaningful |
| Price/Book | 1.0x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | -- | Not Meaningful |
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PORMF transactions
| Type Date |
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Private Placement
September 29, 2009 |
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Private Placement
August 12, 2009 |
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Private Placement
June 2, 2009 |
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