Shares of KiOR Inc. (NASDAQ: KIOR), a renewable fuels
producer, saw strong upward share price momentum after surging more than 22%
during each of the past two consecutive trading sessions with a significant
number of shares exchanging hands. During the last trading session, KIOR was the top gainer in U.S energy sector after climbing 23% while recording significant volumes of 10 million shares and closed at $0.22. During the past 5-trading sessions, KIOR gained 102% with daily average trading volumes of 4.1 million shares, while the stock accumulated over 58% during the past one month with daily average trading volumes of 1.5 million shares.
Company Description:
KiOR, Inc. intends to produce renewable fuels. The company developed a technology that converts non-food biomass into hydrocarbon-based oil. The renewable crude oil can be refined, using standard refinery equipment, into gasoline and diesel fuels.
1-Year Stock Chart:
Source: Bloomberg
