Verde Media Group Inc., formerly Hidalgo Mining International Inc. (HMIT.PK) continues its frequent price 
ups and downs on the stock market. After very low volume and price values, recently the HMIT stocks made a sudden price jump.
Following the chart, the trading volume in February, 2010 has been very low, compared to the volume values in April, 2010. As the volume dropped very fast, the price even entered a consolidation phase at the end of 2009, but now it’s going up again. During the last few months, there was a price resistance level at $0.002, while all of a sudden it moved up over 200%.
Yesterday the HMIT closing stock price reached $0.0018, and the price change went up +5.88%, at traded volume of over 127 million shares. Though, we have no reason to think the sudden uptrend will continue. Considering the frequent price and volume crashes, it is more likely for it to obtain lower values in future.
The PR publications of Hidalgo Mining International Inc. have had a possible influence on the price move during the last months. For this period, the company announced launching of a new website and a new addition to the Advisory Board, along with a Treatment Plant renovation and an expansion project. In addition, HMIT reported material corporate actions to increase Public transparency and shareholder value, which could be another reason for rising the stock price.
When browsing the net, no SEC filings can be found, though the company has launched a pretty stylish website. It announces that on 13 May, 2010 Verde Media Group Inc. has signed a one year Consultant agreement with www.Juniorminers.com, but still the website projects section is under construction.
