TurkPower Corporation (OTC:TRKP) has been moving up over the past days. Yesterday, the stock added another 4.78% to its 
price and managed to trade over 500 thousand shares on the market.
The progressive trend is easy to be explained – it was influenced by the latest news on TurkPower. On Monday, the company reported that it has entered into a binding term sheet with ACM Corp, a privately held mining company with two high-grade manganese mining operations in West Africa.
The merger announcement immediately pushed up TRKP stock price, though it’s not certain how long the up move will resist.
TurkPower Corporation is a Turkish-American consulting and service operations firm with its sole focus set on the booming Turkish energy market. Despite the fact that the company’s assets are much higher than its liabilities, the net loss has substantially increased. At the same time, as of August 31 the accumulated deficit exceeded $8 million, while the revenues decreased.[BANNER]
And while operating under a going concern, the only hope for TurkPower seems to be the future results of their merger agreement, which currently are only projections.
