A Vancouver-based mineral company just announced that it was granted a new exploration license totaling 98 sq. km located in the northern portion of the Serbo-Macedonian Metallogenic Province, which is part of the Tertiary Magmatic Belt in central Serbia and south of the Rudnik lead-zinc-solver mining district. Shares of Mundoro Capital Inc. (OTCQB:MUNMF) rallied on the news as the company ramps up efforts in the region.
Mundoro Capital is an exploration, development, and investment company operating in the mineral resource sector. The company's projects include Radka Mine, Red Hill Prospect, Camargo and others. Its geographical segments are Canada, Mexico, and Europe.
Traders were optimistic on the news as shares of this micro cap hit a session high of $0.171/share (+16.33%). This move is a strong continuation of the success this stock has had over the last year, coming from a 52-week low of $0.08/share.
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