China Grentech Hits Year Highs (GRRF)

Posted in General 
August 14th, 2009

China Grentech Corporation Limited (NASDAQ: GRRF) is soaring this morning after earnings last night. The company posted a rise in revenues of over 100% and made some $4.3 million for the quarter. The stock closed at $4.06 and is trading up 24% at $5.05 s of 9:06 AM EST. So far we have only seen just over 20,000 shares trade hands bu that is after over 100,000 shares traded last night after earnings. This trades only about 70,000 shares and the old 52-week high was $4.13. -JON OGG

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