Gediminas Jasionis
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Ram Power Corp (TSE:RPG) (PINK:RAMPF) Share Price Continues To Push Up

by Gediminas Jasionis Dec 27, 2011
rpg_chart.pngRam Power Corp (TSE:RPG) (PINK:RAMPF) stock price added significant gains during the week before Christmas rewarding bulls without much explanation at first and drawing strength from a news announcement at the end of the week. 

RPG stock price was going up non-stop for a whole last week and added 29.2% in total. The last trading session booked a 2.9 million trading volume and pushed the price to the resistance at 31 cent per share. The rally was quick however not very stable. It opened lower on each session and had to work its way up throughout the day.

The direct cause for such a price rush remains unclear, although amid the spurt Ram Power did have a rather favorable news release.

On December 22 the company announced that their Phase I expansion at San Jacinto-Tizate got synchronized to the Nicaraguan national integrated electrical grid. This allows the company to start operating the expansion and they plan to engage as soon as possible.

5ram_power_logo.jpgThe expansion adds 36 MW of capacity to the existing units that only had 10 MW to date.

Ram Power supplies renewable energy from their geothermal properties. The company holds interest in projects in the U.S., Canada and Latin America.

Comments (2)

1. Guest
January 07, 2012, 12:14AM

Quotes You mean....they are going under any day now..

2. Guest
December 28, 2011, 09:47AM

Quotes They are going into production any day now.

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