Unity Management Group Inc. (PINK: UYMG), a business resource company, has seen a sharp rise in its shares in early trading today.
UYMG shares are currently trading 21.21% higher at $0.0040 on above average volume of 10.33 million. The stock is up more than 33% in the last three trading sessions.
Unity Management shares are gaining momentum today after the company said that its subsidiary, On Track Technologies Solutions Inc., acquired and completed building more than $500,000 worth of work over rigs, heavy equipment, service equipment and trade tools.
UYMG believes that the acquisition of the work over rigs, equipment, and tools strategically positions its subsidiary to capitalize on current technologies in the oil industry through joint ventures and services for hire with third party companies.
Michael Oliver, President of Unity Management Group, said that there have been estimates provided to On Track that there is approximately 190 billion barrels of stranded oil and gas that will not be recovered without a successful technology or EOR program in the U.S.
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