SCOK Surging Over 23%

SinoCoking & Coke Chemical Industries, Inc. (SCOK) rose 21 percent to $12.56 after climbing to $12.84 earlier, the highest intraday price since September 9.

The day’s range for shares of SCOK, which currently trade at a trailing P/E of 4.71, a forward multiple of 7.16 and a most recent quarter Price Book of 2.71, has been between $10.14 and $12.84 per share.

Shares are seeing massive volume; with about 2 1/2 hrs left in pit trade, SCOK has already traded more than 2.0 million shares, well above the daily average volume of 290.000 shares.

SinoCoking Coal & Coke Chemical Industries, Inc. produces and markets coal products, including coke, raw and washed coal, and chemical byproducts in the People’s Republic of China.

At last check shares of $263 million market cap SCOK were up $2.28, or 22.69%, to $12.60. Shares had opened the session at $10.19.

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About Ron Haruni 1068 Articles
Ron Haruni is the Co-Founder & Editor in Chief of Wall Street Pit.

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