Iron Ore Stock TurkPower (OTCBB: TRKP) Closes up 26.33%
Point Roberts WA- July 6, 2011 (Investorideas.com Mining Newswire) – Investorideas.com, a leader in sector research for investors including mining and resource stocks, issues a technical trading alert for iron ore stock, TurkPower Corporation (OTCBB:TRKP). The stock closed trading July 5th at $0.3790, up 0.0790 (26.33%) on volume of 463, 512 shares.
The company moved up after reporting the purchase of 50.09% working interest in Maksor Madencilik Sanayi Ve Ticaret Anonim Sirketi (hereafter "Maksor"), the 100% private owner of the Kuluncak iron ore project in Turkey.
News: TurkPower Corporation (OTC.BB: TRKP) to Acquire Majority Interest in Operational Iron Ore Mine in Turkey
TurkPower Corporation (OTCBB:TRKP) is a Turkish-American junior mining company that is acquiring controlling ownership in an operational iron ore mine and several mining projects under development in Turkey. TurkPower's sole focus is on the booming Turkish mining industry, where it aims to become a leader in developing, operating and owning base metal mines by acquiring and consolidating operational mines with proven reserves, utilizing economies of scale to increase returns as well as developing new mining assets. TurkPower's board of directors, management team and employees have extensive experience and relations in the Turkish mining industry, as well as ongoing relations with the relevant government agencies, allowing TurkPower to participate in the major opportunities currently developing in Turkey.
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