New York, NY -- (SBWIRE) -- 12/31/2012 -- World Moto Inc. (OTCQB: FARE), a manufacturer and supplier of taxi meters for the motorcycle taxi industry, is up sharply in mid-day trading today after the company last Friday announced that it agreed to provide the Moto-Meter to Moto-City, the leading motorcycle taxi service in Madrid, Spain. The agreement would bring FARE’s Moto-Meter to Europe.
FARE is currently trading 9.78% higher at $0.174 on volume of 9.80 million, which is below the daily average volume of 11.59 million. FARE is approaching $0.20 resistance level. A strong bullish trend will be established if the stock can break through this level.
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USA Graphite Inc. (OTCQB: USGT), an exploration company engaged in the acquisition, exploration and development of world-class graphite properties in North America, is marginally lower in mid-day trading today. USGT has slipped even as the company last Friday announced that its search for additional large tonnage high carbon content properties is proving to be very successful.
USGT last Friday said that it has been assessing additional projects in Nevada that have the resources to host their own mine or strategically linked in to operations with the company’s other Nevada assets.
USGT is currently trading 0.39% lower at $0.757 on volume of 1.05 million, which is well above the daily average volume of 610,322. Despite the pullback, USGT is up more than 7% in the last three trading sessions.
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