Shares of Swingplane Inc. (OTC: SWVI), a mining company, are seeing a huge rally in trading today. At last check, SWVI shares were trading 64.51% higher at $0.280 on above average volume of 73.76 million. The stock hit an intra-day high of $0.29 in trading today.
SWVI shares are soaring after the company announced that it renegotiated its assignment agreement in regard to the acquisition of certain mining concessions in Chile. As per the terms of renegotiated agreement, the company will acquire all of the issued and outstanding shares of Mid Americans in exchange for the issuance of a total of 100,000,000 shares of SWVI common stock and 5,000,000 shares of SWVI preferred stock.
Shares of Cereplast Inc. (PINK: CERP), a company engaged in the development and commercialization of bio-based resins mainly in Italy, Germany, Malta, North America, and internationally, are soaring in trading today.
At last check, CERP shares were trading 45.16% higher at $0.0360 on above average volume of 24.97 million. The stock hit an intra-day high of $0.04. In the last three trading sessions, CERP shares have gained 265%.
CERP shares are rallying today after the company provided its outlook for 2013. The company said that it created further liquidity through generation of nearly $500,000 in revenue over the last six weeks even as it continued to focus on restructuring its operations to further position itself for growth in 2013.
Shares of Echo Automotive Inc. (OTC: ECAU), a manufacturer of cost reduction technology for converting fleet vehicles into highly full efficient plug-in hybrids, are climbing in trading today.
At last check, ECAU shares were trading 6.06% higher at $1.05 on above average volume of 1.50 million. The stock hit an intra-day high of $1.07 in trading today. ECAU shares have gained more than 10% in the last three trading sessions.
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