As John Mclntyre, a renowned geologist, joins the company’s Board of Directors, the stock of All Grade Mining (OTC: HYII) achieved an impressive rebound in today’s trading session. All Grade Mining opened today’s trading session at a share price of $0.14 and eventually closed at the high for the day of $0.19 per share, posting a 26.7% gain over yesterday’s closing price.
On November 23, 2011, All Grade Mining completed a 1:500 stock-split. For the current year, All Grade Mining has been steadily declining since peaking at a share price of $0.825 on May 22, 2012. During the most recent three-months, All Grade Mining posted a loss of 75% in share price. Today’s positive performance may be a sign of the stock reversing its decline. Investors have been jumping on board as volume of the stock traded to 174,850 shares today, bypassing its daily average of 90,983 shares.
A number of newsletters have promoted All Grade Mining. The most notable promotions are from Global Marketing Media, which has promoted All Grade Mining through several newsletters. These recent promotions were compensated $35,000 on June 14, 2012. On Twitter, @pennystock24 mentioned that Research Driven Investor, Microcap Profiler, along with several others, promoted All Grade Mining today.
Besides adding a new member to the Board of Directors, here are some other recent headlines for All Grade Mining:
- July 9, 2012: All Grade Mining announced that the company has secured a potable water supply for its Salitrosa mining project in Chile.
- June 13, 2012: All Grade Mining announced that the company has entered an agreement with Foreign Commerce Consultative Services to facilitate the permitting process for its Salitrosa iron property located in Chile, in addition to executing all of its mining operations.
- June 11, 2012: All Grade Mining announced that the company has completed its acquisition of the copper mining project, Jose Del Transito, in Chile. The project has been in production of copper since January 2012.
All Grade Mining, formerly Hybred International, is a development-stage company. All Grade Mining also focuses on developing the Hybred Horseshoe, which is an aluminum horseshoe with a bonded urethane composition. It has an agreement with horseshoe manufacturer Thoro’bred to produce the aluminum shoes, and to assist the company in marketing. All Grade Mining focuses on marketing its products in Asia and Australia.