Kentucky Energy (fka QMIN)

[etadder]

Shares Surge 100% in One Hour

Subsequent to the news today, shares surged up over 100% to an intra-day high of $.048 and ended the day at $.0339, up 42% on volume of 133,921,767. What I found most encouraging about today's action is the fact that the production announcement was issued with just over 1.5 hours left in the trading session and the stock had traded relatively flat on about 20 million shares or so prior to the big news.
Now that the day traders, flippers, and scaredy cats all had the chance to take some profits off the table, I think that we could be off to the races tomorrow. The stock simply behaved too beautifully prior to production and has attracted too many eyeballs over the past few weeks not to.
Moreover, the company also announced today that it is working diligently to bring a second mine into full production mode very soon which will produce just as much coal as the Pond Creek location. Now boasting the potential of 3,000 - 4,000 raw tons of coal per day, QMNM provides investors with both the piece of mind of knowing that they are 100% capable of bringing a mine into production mode as well as the prospect of yet another, equally productive mine coming online very soon.