PRMO - Annual Filing Reveals A Stock That Is Massively Undervalued

PRMO's revenues grew over 100% this past year to over  $6.2 million.  The company posts a net profit of $2.3 million and the company anticipates these numbers to grow over the coming years.  With gold touching new highs, I have a tough time arguing with that assessment. 

The company's latest annual filing reveals what I have thought all along,  PRMO is the cheapest gold stock out there.  They are growing revenues, posting millions in profits, and is trading quietly at $.0002.  I don't think this will be the case much longer.

To top it off PRMO has over $18 million in assets.  That is a substantial number for a triple zero stock.  Most transparent triple zero stocks have very little, if any, assets.  Also consider they have over $11 million more in assets than liabilities.  While some see a large share count, I see a gold stock that has been under quiet accumulation.  I think many will be surprised when this stock finally starts to run.



With these triple zero stocks there are always the naysayers, those who doubt the potential these stocks have.  More often then not they provide a good indication of exactly what won't happen.  The way to make money trading penny stocks is to buy when no one else wants to, or believes it to be the right thing to do.

PRMO isn't trading for $.0002 because people want to buy this stock.  But I think that will all change in the near future.