China GengSheng Minerals Inc (NYSE: CHGS), a manufacturer of industrial material products, is featured as today’s top momentum gainer since it gained more than 18% touching its new intraday 52-week highs during the last two consecutive trading days with far more shares changing hands than in a normal session. During the last session, CHGS was among the top gainers in the U.S. industrial sector after gaining 17.9% during the last trading session and closed at its 52-week high of $0.66 while recording huge volumes of over 2.17 million shares. During the last 5-trading sessions, CHGS gained 78.3% recording daily average huge volumes of 1.19 million shares. A strong momentum was witnessed in the share price since the stock has skyrocketed over 124% during the past one month with daily average volumes of 408,709 shares.
Company Description:
China GengSheng Minerals Inc (NYSE: CHGS) develops, manufactures and markets a range of high-tech industrial material products, including monolithic refractories industrial ceramics, fracture proppants and fine precision abrasives. The company offers customized solutions and sells its products primarily to the iron and steel industry.
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