New York, NY -- (SBWIRE) -- 12/26/2012 -- World Moto Inc. (OTCQB: FARE), a manufacturer and supplier of taxi meters for the motorcycle taxi industry, is soaring in mid-day trading today after the company on Monday announced that it selected its manufacturing partner for Moto-Meter. FARE selected Thailand-based SVI Public Company Ltd. as its manufacturing partner for production of Moto-Meter. The company said that the strategic decision enables it to scale production rapidly to meet demand for the device.
FARE is currently trading 16.67% higher at $0.150 on volume of 13.38 million, which is well above the daily average volume of 7.84 million. FARE has gained more than 23% in the last three trading sessions. FARE, in fact, has seen significant trading activity over the last one week. The stock has been in focus as the company has made some major announcements.
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Southridge Enterprises Inc. (PINKSHEETS: SRGE), a company engaged in the acquisition, exploration and development of gold and silver mines in Mexico, is seeing a huge rally in mid-day trading today, extending its gains from the previous trading sessions. SRGE is currently trading 68.75% higher at $0.0135 on volume of 61.68 million, which is significantly above the daily average volume of 40.56 million.
SRGE is soaring in trading today after the company announced a joint partnership with Kinross (NYSE: KGC) for its Cinco Minas and Gran Cabrera properties. The company said that the joint partnership with Kinross is valued at approximately $550 million to $600 million.
SRGE has broken through a key technical level in trading today as a result of the huge rally. Technical indicators suggest that the rally could continue in the next few trading sessions.
Find out more about SRGE by getting the free full report here: http://www.monstertradingalerts.com/market-scan/?symbol=SRGE
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