Shares of USA Graphite Inc. (OTC: USGT), an exploration company engaged in the acquisition, exploration and development of world-class graphite properties in North America, rallied in trading today.
USGT shares ended the day 11.29% higher at $0.700 on above average volume of 766,156. USGT shares have gained 16.09% in the last three trading sessions.
USGT shares soared after the company on Friday provided an exploration update. The company said that it plans to conduct both a bulk sampling program and detailed mapping study over the entire extent of graphite hornfels units at its flagship Blue Wing Mountains graphite project in the first quarter of 2013.
Wayne Yamamoto, CEO of USA Graphite, said that the company is extremely excited to work on its flagship Blue Wing Mountains project and is committed to bring high quality graphite to commercial USA markets.
Shares of Paid Inc. (OTC: PAYD), a provider of brand-related services to businesses, celebrity clients in the entertainment industry and charitable organizations, soared in trading today.
PAYD shares ended the day 37.02% higher at $0.150 on above average volume of 3.72 million. The stock hit an intra-day high of $0.16 in trading today. PAYD shares gained 141.77% in the last three trading sessions.
Shares of Southridge Enterprises Inc. (PINK: SRGE), a company engaged in the acquisition, exploration and development of gold and silver mines in Mexico, surged in trading today.
SRGE shares ended the day 17.65% higher at $0.0080 on volume of 33.11 million. The stock hit an intra-day high $0.01 in trading today.
SRGE last week announced a cash dividend of $0.0002 per share. The dividend will be payable on December 28, 2012 to shareholders of record at close of business on December 21, 2012.
Michael Davies, President and CEO of Southridge Enterprises, said that the company just posted its fourth-quarter earnings and felt that it was important for it to reward shareholders in a timely manner.
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