Shares of Green Energy Renewable Solutions Inc. (PINK: EWRL), a developer and operator of municipal solid waste and construction and demolition waste processing and recycling facilities, are seeing a huge rally in trading today after the company provided an update on its Highland Park recycling operations.
At last check, EWRL shares were trading 219.88% higher at $0.515 on above average volume of 2.33 million. The stock has gained nearly 250% in the last three trading sessions.
Green Energy Renewable acquired a 5-acre parcel of land in Highland Park, Michigan in November 2011. EWRL has already cleared the site and most of the required equipment is in place to receive waste material. EWRL said that it is working alongside local officials to complete the permitting process. Full operations at the site are expected to start within 60 days.
Joe Durant, CEO of Green Energy Renewable Solutions, said that EWRL is very excited about the project and has received tremendous support in meetings with local and state officials.
EWRL plans to process to 750 tons per day by the end of the third quarter.