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Green Stone Health Climbs Higher

Green Stone Health (OTC: GRST) rallied 1.71% yesterday, continuing to climb higher to a share price of $1.19, trading at its all-time high price. Market cap for Green Stone Health has increased to $15.82 million.

Green Stone Health has been giving a respectable performance at the over-the-counter market this year, with a total gain of 46.25% since the start of 2012. Since May 25th, the stock has been rocketing higher each day. Green Stone Health previously had a rising period from April 12th until April 20th, which brought its share price to $1.05 from $0.85. The stock stayed relatively still at other periods of time this year, which is normal for a small cap stock.

To better understand the recent performance of Green Stone Health, here is a list of its recent events:

May 31, 2012: Greenstone Healthcare Corporation acquires a new clinic and recruits VP of Aftercare & Outpatient Services.

* The company announces the expansion of its Addiction Treatment Service. A facility has been acquired in Toronto’s upscale Yorkville zone.
* The company announced its recruitment of Andrew Galloway as Vice President of After Care & Outpatient Services.

May 24, 2012: Nova Natural Resources Corporation changes its name to Greenstone Healthcare Corporation.

May 18, 2012: Nova Natural Resources Corporation receives approval from FINRA for the following two corporate changes:

* Changing the Company’s name to Greenstone Healthcare Corporation.
* Changing the Company’s trading symbol to “GRST.OB”.
* Both changes become effective at open of business on 05/21/2012.

For anyone not familiar with Greenstone Healthcare Corporation, it was formerly known as Nova Group Resources Corporation. This group provides executive services and operates various mental health clinics in Toronto, Canada.

Previously, the company has lacked in special mental health services in Canada. There is a shortage of all facilities that should be available for patients with mental health problems, which were not provided by Canada’s universal health care system. Research has shown that only one in three Canadians with mental health issues are able to access appropriate services.  Additionally, one in five mentally ill people are likely to have a substance abuse problem.

All deficient facilities are going to be a main focus for Toronto. The company provides services to a large local population in close proximity to various companies in need of their services.

Published by Fiona Gibson

Fiona is a finance graduate and an expert in analyzing market trends.