Shares of Graystone Company Inc. (PINK: GYST), a U.S.-based mining and exploration company engaged in the acquisition and development of gold and other mineral properties, saw a huge rally in trading today.
GYST shares ended the day 80% higher at $0.0126 on above average volume of 75.85 million. The stock has gained more than 168% in the last three trading sessions.
GYST shares rallied today after the company announced that its retail sale of gold and silver rose by 341% in the month of August. GYST said that its sales last month were greater than the rest of the year combined.
Paul Howarth, CEO of Graystone, said that GYST is still in the beginning phase of vertically integrating its business and the companyâ€™s focus is to bring its mining operations in Peru online as quickly as possible, however, the Graystonegold.com retail divisionâ€™s sales have become very helpful in providing operating cash flows while the company completes the build-out of its mining operations.
Shares of Save the World Air Inc. (OTC: ZERO), a green technology company engaged in the designing, licensing and development of products to improve energy efficiency of large-scale energy production and to improve diesel engine performance reducing emissions, surged in trading today.
ZERO shares ended the day 30.59% higher at $0.999 on above average volume of 1.84 million. The stock gained more than 95% in the last three trading sessions.
Shares of Bulova Technologies Group Inc. (PINK: BLVT), a company engaged in loading, assembling, and packaging fuzes, safe and arming devices, and explosive simulators, rallied in trading today.
BLVT shares ended the day 33.33% higher at $0.0016 on above average volume of 119.76 million. The stock has gained more than 166% in the last three trading sessions.
According to a filing made by BLVT last month, the company had total revenue of $617,000 for the quarter ended June 29, 2012, compared to $639,000 reported for the quarter ended March 30, 2012.
BLVT posted a net loss of $1.97 million for the June quarter, down from a net loss of $2.4 million reported for the March quarter.