Hiru Corp. (OTC:HIRU) Stock Turns Lower: Here is Why

The appointment of a key new executive is almost always seen as a major new development by any company, and in light of the announcement on that front by Hiru Corp. (OTC:HIRU) yesterday, it could be a good move to take a closer look. The company announced yesterday that it had appointed a new mining chief operating officer in the form of R. Thebi.

In the news release, Hiru Corp. noted that Thebi possessed a vast amount of experience in a range of industries, including construction, mining, marketing, and customer service. He is based out of Johannesburg, South Africa. In his career as an experienced professional and serial business owner, he has been successful in establishing a number of ventures in several countries in Africa. Hiru Corp. stated that the variety of his expertise and range of experience made him a highly valuable addition to its management team.

In the news release, the company also noted that one of the more important aspects of Thebi as a professional was his commitment to social justice. At this point, he is closely associated with a number of impoverished communities in rural African regions. He partnered with the communities for the purpose of setting up development projects meant for the creation of valuable economic and employment opportunities in a sustainable manner. In his new role, Thebi would head the company’s mining division through the Hiru Corp. regional office, which would be located in Dubai, United Arab Emirates.

The mining division at Hiru Corp. consists of mining interests in Africa in addition to gold trading and processing activities through the regional office. In light of the new appointment from the company, it could be a good idea for investors to consider adding Hiru Corp. stock to their watch lists at this point.

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