Will the Momentum Continue? Firma Holdings Corp (OTCMKTS:FRMA)

Firma Holdings Corp (OTCMKTS:FRMA) is moving up sharply on Thursday after the news.

Market Action

As of 10:47, FRMA stock has surged 155% to $0.1021. Total volume was 18.13 million shares, compared to its average volume of 91K shares.  The stock opened at $0.0413 and moved in a wide range of $0.0410 – 0.1950.

FRMA Release News

Firma Advanced Carbon Materials Inc. Announces Acquisition of Northstar Sustainable Energy, LLC

• Firma Advanced Carbon Materials Inc., a wholly-owned subsidiary of Firma Holdings Corp., is pleased to announce that it has entered into an Agreement to acquire a 51% interest in the existing shares of NorthStar Sustainable Energy LLC, a Kentucky-based operator of the state of the art Huff Plant which is a Carbon Enhancement facility for heavy media course and fine coal cleaning rated at 450 tons/hr.
• The transaction is based on a typical 60-day due diligence period.

Sebastien Dufort, CEO/Chairman of Firma Holdings Corp., stated; “We are extremely excited to complete this transaction, as NorthStar through the R.H Group is comprised of over 130 million recoverable tons of very high quality, high-vol coal reserves, mining permits, a modern preparation plant and tipples on both the CSX and NS railways. This project represents the highest quality, most economically feasible large scale metallurgical coal development opportunity in the U. S.

Trader Notes

Pivot Points

Technical Indicators