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Monday, June 23, 2008

QMNM: Up More Than 4,000 Over The Past 3 Trading Sessions

Quest Minerals and Mining Corp. (OTCBB: QMNM) has gained 4431.25% on roughly 643,000,000 shares traded since market close last Wednesday and made some very happy risk tolerant investors along the way. The stock wrapped up trading on 6/18 at a price of $.0016 before surging all the way to Monday's closing price of $.0725.


Quest Turned $1K into $43K Very Quickly

ImageQMNM announced plans to soon conclude the finals stages of rehab at its Pond Creek, Kentucky location. Could this be the reason for the ongoing run?

Either way, this is a prime example of why micro-cap investors exist: 4,000% + gains over a three day period. If you invested just $1,000 in QMNM at Wednesday’s closing price of $.0016 and got out today at around $.07, you would have profited almost $43,000.


Much Needed Profits For All

ImageIn today's battered and bruised US economy, Quest Minerals generated some pretty sweet profits. With gasoline prices increasing by the day, a 43 to 1 return is much welcomed. Actually, forget about gas prices, investors that bought in at the right time last week have made enough by now to purchase a top of the line SUV and fuel the darn thing for the next decade.

If QMNM can bring its coal facility online over the next few weeks, we could see the share price increase even further. However, at current levels, I don't find the stock too attractive. If they begin prospecting coal soon, my opinion may be swayed. Either way, Quest Minerals and Mining has provided some much needed profits for investors willing to gain an ownership position at a fraction of a penny in tough economic times

Quest Minerals & Mining Announces Rapidly Approaching Production Phase

There has to be a correction coming soon after QMNM's run up of more than 4,000% over 3 days on record shattering volume. Doesn't there? I''ll be watching closely for another positive operational update in the coming days. The way that Quest has been trading, I'd gamble that another could having the stock moving northwards rapidly once again.

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