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TNRO $2.45 +12% 265K Terra Nostra-China Steel+Copper Play

was upto $5 in NOV 2007, have a look at the 1 year chart

Shares Outstanding: 60.80M
52 - Week Range $0.71 - 5.90

Terra Nostra Resources Corp., http://www.tnr-corp.com/ through its subsidiaries, operates in the stainless steel and copper industries in the People's Republic of china. It offers billets and strips of steel used in the applications of automotive, aerospace, and power generation industries, as well as in the manufacture of food handling, health and medical, chemical processing, and pollution control equipment. The company also provides electrolytic copper and non-oxygen copper rods used in cyclical industries, such as construction and industrial machinery manufacturing. Terra Nostra Resources Corp. is based in Pasadena, California
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Terra Nostra Announces Third Quarter Financial Results
Tuesday April 22,[/] 8:08 am ET
Revenues More Than Double to $108.8 Million

Revenues for the third fiscal quarter ended February 29, 2008 were $108.8 million, compared to $41.3 million for the three month period ended February 28, 2007. Gross profit reached $11.4 million in the quarter ended February 29, 2008 compared to a loss of $1.3 million in the third quarter ended February 28, 2007.Blended gross profit margin in the quarter was 10.4%, reflecting strong management of raw materials sourcing in both of the copper and stainless steel operations, higher copper pricing, and the addition of higher grade stainless steel.

On a weighted average share basis, net income in the third quarter was $0.61 per share compared to a net loss of $0.08 per share in last year’s third quarter. On a fully diluted per share basis, net income in the third quarter was $0.45 per share compared to a net loss of $0.08 per share in last year’s third quarter.

“Third quarter’s performance reflects the aggressive ramp in our stainless steel business, with production increasing to 22,260 MT from 1,495 MT last year,” said Don Nicholson, president and acting CFO of Terra Nostra.