Sharprock Resources (OTC:SHRK) Shares Hit New High On News

Shares of SHARPROCK RESOURCES  (OTC:SHRK) shares gapped up on Monday with the stock more than double to $1.11. Earlier, the stock made a new 52-week high of $1.41. More than 65K shars traded hands, compared to its average volume of 11K shares.

On Monday October 14, 2011, an exclusive Memorandum of Understanding has been entered upon by Sharprock Resources Inc. The firm has announced today that it has signed the Memorandum of Understanding (MOU) in order to acquire a Russian Project.

Based in Vancouver, B.C., Sharprock Resources Inc. is a firm engaged in the development and mineral exploration.

Memorandum of Understanding has been signed by Sharprock to inherit a 1500 square kilometer prospective gold project in Chukotka, Russia.

An absolute agreement, finalizing the mineral property acquisition by Sharprock is under construction, awaiting its completion soon.


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