Shares of SinoCoking Coal and Coke Chemical Industries Inc (NASDAQ: SCOK), a vertically-integrated coal and coke processor, has moved consistently upward after rising 264% from its 52-week low of $0.83 touched in May 2014 with strong momentum. The stock gained more than 13% touching its 52-week highs in each of the past two consecutive trading sessions with massive number of shares exchanging hands. Moreover, we note that the stock registered an increase of over 160% in daily average trading volumes during the past one month compared with past 6-month daily average trading volumes, indicating a strong market interest. During the last trading session, SCOK was among the top performers in the U.S. energy space after climbing 18.4% and closed at its 52-week high of $3.02 while recording significant volumes of 1.0 million shares. Additionally, in the past 5-trading sessions, SCOK jumped 43.1% while recording daily average trading volumes of 445,483 shares, while the stock accumulated over 57% in the last one month with daily average trading volume of 53,123 shares. The stock is up 160% year-to-date.
Company Description:
SinoCoking Coal and Coke Chemical Industries Inc (NASDAQ: SCOK) produces coal and coke in China. The company produces coke, coal, coal by-products and electricity through its branch operations.
1-Year Stock Chart:
Source: Bloomberg
