Graystone Co. Inc. (GYST) Stock Up in Mid-day Session Today
The Graystone Co. Inc. (OTC: GYST) stock is currently trading Wednesday at $0.0121, up 65.71 percent from its previous close. GYST stock’s lowest price point for the session stood at $0.0070. Its latest trading volume has been recorded at 33.458 million shares, in contrast to the average daily trading volume of 7.749 million shares. The company’s market capitalization stands at $2.10 million. GYST reported its latest Earnings per Share at -$0.10. The company has 184.24 million shares outstanding in the market. GYST stock is currently trading above its short term 20 days moving average price and its long term 50 days moving average price of $0.01.
GYST reported 341 percent in its retail sale of gold and silver. The company sold more metal in the month of August than in the rest of the year combined. Paul Howarth, CEO of GYST said, “In fact, the retail division has grown faster than we expected – we sold more gold and silver in August then the rest of the year combined and we look forward to continued growth the rest of the year.” The company is looking to make more investments for the purpose of augmenting its revenue stream.
GYST has various outlets for selling gold and silver. It has online presence through its website. It also sells its products through EBay. The company will hold its shareholders meeting on October 1, 2012. The meeting will be held in California and the company will provide updates about its future course of action.
GYST Inc. is engaged in the business of mining precious metals including gold and silver. The company also carries out various other business activities such providing strategic and financial consultancy services. GYST is mainly operational in Peru. It also has real estate related business in the United States. The company carries out these businesses through its subsidiaries. GYST was formed in 2010. It is based out of New York.
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