Terra Nostra Resources Corp. (TNRO.OB) Share Prices Sky Rocket after Company Announces Record Revenues
Terra Nostra Resources exploded 51.22% on more than 10 times its average volume after the company reported record revenues of $284.8 million. Operating profits also experienced a great increase as they improved from last year’s $13.5 million loss to a profitable $1.8 million. The management of Terra Nostra Resources anticipates that gross margins will further improve as yield rates increase, maintenance and facility operating costs lower, production increases continue, and larger volume contracted purchases replace lower volume non-contracted purchases. Mr. Sun Liu James Po, Terra Nostra's Chief Executive Officer, stated, “At present, strong market conditions for our products exist in China.…