NEW YORK, January 25, 2012 – USAGraphite Inc (OTCQB: USGT) declined 5.42% to $0.680 on a traded volume of 259k shares. Earlier, the Company announced that it has already signed a letter of intent to acquire the Ruby Mountains Graphite Property, which has potential for high value flake graphite. The financial terms of the transaction consist of approximately $3,200,000 in cash and stock and a $500,000 work program commitment. USA Graphite Inc is a development-stage company. The Company is focusing its business on acquiring or merging with one or more operating businesses.
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Nano Labs Corp (OTCQB: CTLE) declined 3.39% to $0.570. Recently, the Company provided letter to shareholders regarding their road map and business plan for success through 2013. The Company focuses on the acquisition of coatings and laminates made from nanotechnology for its own use or licensing to others. The company was formerly known as Colorado Ceramic Tile Inc. and changed its name to Nano Labs Corp. in April 2012.
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Net Savings Link Inc (OTCQB: NSAV) slipped 16.67% to $0.0005 on a traded volume of 6.38 million shares. The 52-week range for the stock is $0.00 and $0.09. The Company has Price/Sales ratio of 2.05. The 50-Day Moving Average and 200-Day Moving Average prices is $0.00 and $0.01 respectively. Net Savings Link Inc is an online provider of discount offers and savings opportunities to the mass consumer market. The Company delivers discount offers and savings opportunities to the mass consumer market through an electronic membership participation program.
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Ghana Gold Corp (OTCPINK: GGCO) decreased 12.0% to $0.0660 on a traded volume of 325k shares. The Company plans to expand operations at the Jukwa concession based upon findings of the Company's Principal Geologist Kwabena Ata Mensah.
The Company has engaged Kwabena Ata Mensah as Principal Geologist to manage the exploration and deposit evaluation and for the Company. Ghana Gold Corporation incorporated on September 5, 2006, is a gold exploration and development company in production in Ghana.
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Southridge Enterprises Inc (OTCPINK: SRGE) is currently trading $0.0018. The Company’s subsidiary, Southridge Minerals has issued a corporate update for shareholders of the Company to address questions arising from a recently announced joint partnership with respect to Cinco Minas. Southridge would like to inform shareholders that the joint partnership is no longer valid and the Company is pursuing other joint partnership opportunities at this time. Southridge Minerals focuses on the acquisition, exploration, and development of gold and silver mines in Mexico.
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