Graystone Co. Inc. (GYST) Stock closes Up in Wednesday’s Session
Graystone Co. Inc. (OTC: GYST) stock closed Wednesday at $0.0126, up 80 percent from its previous close. Its trading volume recorded at 75.85 million shares, in contrast to the average daily trading volume of 13.35 million shares. The company’s market capitalization stands at $2.32 million. GYST reported its latest Earnings per Share at -$5.04. 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.
GYST recently launched its new Website for the purpose of selling gold and silver. The company also collaborates with E-bay for this purpose. GYST announced that it would hold its shareholders meeting in California on October 1, 2012. The company is not expected to put any matter for voting. However, it will update the stockholders about the future course of action for the company.
GYST reported record sale for the month of August. The company said that it sold more gold and silver in a single month than it did in the rest of the year combined. GYST recorded 341 percent surge in its retail sales of metals like gold and silver. Paul Howarth, CEO of the company 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.”
GYST 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. The 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. The GYST was formed in 2010. It is based out of New York.
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