Agrieuro Corp (OTCBB:EURI) was a massive mover during Monday’s trading session. The stock surged by close to 42% on the back of 2 times the average daily volumes. The stock has been trending higher and has formed support near the $0.40. The stock has moved above the 50 day moving average on the back price volume action witnessed over the last couple of trading sessions.The momentum oscillators for the stock have given a buy signal and continue to point towards strong buying interest at the current moment. Traders believe the stock could head to levels of $1.10 in the near term.
Agrieuro Corp (OTCBB:EURI) has announced that it looks forward to coming up with a resort on the Black Sea. As per the reports, with enough space for 620 accommodations, it will be the largest ever resort built there.
The tourism in growing at a fast pace in this area and Agrieuro doesn’t want to leave any stone unturned to cash in on this opportunity. It intends to build different recreational areas that can facilitate activities, such as hunting, bird watching, fishing and water sports. As of now, it plans to execute two developments i.e. one-holiday lake house complex that can host up to 500 accommodations, and one A 4-building complex that can host up to 120 accommodations.
Things that makes this area so attractive to visitors are the exotic landscape of the delta, mild weather, unique features and its status of Unesco World Heritage. To make sure that maximum travelers can visit to this resort, Agrieuro group will make it reachable from air, land and sea.
There are several unused buildings in this area that Agrieuro owns already. It can use them to host a few facilities of the resort in the coming time. Taking this step will not only reduce the overall time-frame of the project but also keep the cost under control.
The senior management of the company is delighted to announce this news and hopes that it will help Agrieuro in generating significant revenues in the future.
Reports made public by Agrieuro Corp claim that as soon as the construction work of this resort is completed, it will feature about 620 accommodations. During the high season (180 days per annum), the occupancy level of the resort is supposed to be at 70 percent. With charges varying from 100 to 200 Euros per night, this resort can help Agrieuro generate reasonable revenues throughout the season.
Further details about the development procedure will be shared from time to time.