Why Is Power Americas Resource Group Ltd (OTCMKTS:PARG) Stock Up 32% In a Month

At this point in time Power Americas Resource Group Ltd (OTCMKTS:PARG) is best known for being an emerging growth company which is involved in the commercialization of its Digital Twin technology.

Trading Data

On Thursday, PARG stock gained 2.42% to $1.2700 with more than 14.45K shares, compared to volume of 7.26K shares. The stock moved within a range of $1.2500 – 1.3400 after opening trade at $1.3400.

Power Americas Resource Group Appoints Independent Director, Establishes Audit Committee

The company was in the news yesterday after it announced that it had appointed its first independent director to the board of directors in the form of Kumar Elumalai. In this situation, it may be a good time for investors to perhaps take a closer look at the credentials of Elumalai as a professional. He is a qualified Chartered Accountant and a Fellow Member of the Institute of Chartered Accountants of India.

However, that is not all. Elumalai is also the founder of the chartered accountant firm named N Naresh and Co in the city of Chennai in India. On the other hand, he is also a veteran of the tax industry and has been a tax professional for more than a quarter of a century. During the course of his career as a tax professional he has worked across a wide range of tax issues. It is an appointment that could well prove to be a significant one for Power Americas Resource Group in the long run.