As the markets reopen, it is time again for investors to take stock of the situation in the New Year and take a look at some of the companies which may come into focus today. One company that may be worth looking into day is Prom Resources Inc (OTCMKTS:PRMO), which had in fact been in the news back on December 30, 2022.
Trading Data
On Friday, PRMO stock slumped 33.33% to $0.0001 with more than 22.85 million shares, compared to volume of 8.13 million shares. The stock moved within a range of $0.0001 – 0.0002 after opening trade at $0.0001.
News Update
At the time the company announced that it had managed to sign a franchise marketing agreement with the parent company of Santorini’s Greek Grill Prime Foods Group LLC. As per the marketing and brand development agreement signed by Prom Resources the company would be responsible for franchise development as well as for marketing of the Greek Grill brand in the United States.
In this regard, it should be noted that the Greek Grill brand has in fact managed to expand at a fairly impressive rate in Utah and has managed to attract interest from many groups looking for franchising opportunities.
The Chief Executive Officer of Prime Foods, Sean Dehghani noted that the higher quality food in addition to the customer friendly nature of the restaurants have been the major factors in the popularity among customers.
