On May 10 the company published an announcement, which seemed to have a rather negative effect on the stock. Yesterday, however, EARH bounced 37.50% and closed at $0.495 on 2.9 million shares.

The announcement concerned a joint venture agreement between EARH and OverTrust Mining Corporation. The companies are supposed to jointly develop two iron ore properties in Canada.

In the same PR, the company advised it had cancelled the 3:1 stock dividend which was announced back on March 8. This cancellation seems to have created some problems for certain shareholders who use E-Trade. At least that's what ReggieB suggests in this post.