Volume Spike Investor

Advanced Battery Technologies Inc. (NASDAQ: ABAT) is a tiny stock with a mere $277 million market cap.  Its shares are up another 8% at $5.55 today as of 10:22 AM EST with already 692,000 shares having traded hands. We saw over 1.15 million shares trade hands yesterday and today looks like we’ll easily pass that level.  This is follow-on activity after yesterday’s announcement about the signing of a contract with Quanzhou Hongtian Science & Technology Development Co., Ltd. valued at $5 million.  This company’s revenues were less than $32 million for all of 2007.

Day’s Range:    $5.14 – $5.59
52wk Range:    $2.45 – $9.66
Avg Volume:    358,962

Jon Ogg
June 26, 2008