Shares of Sutor Technology Group Ltd (NASDAQ: SUTR), engaged in the business of manufacturing fine finished steel products, recorded over 15.0% gain during each of the past two consecutive trading sessions with significant number of shares exchanging hands. SUTR was the top performer in the U.S. diversified mining sector after gaining 15.6% and closed at $0.81 Tuesday, while recording significant trading volumes of 366,822 shares. Recently, the company announced that its subsidiary, Changshu Huaye Steel Strip Co., Ltd, (“Changshu Huaye”) was awarded as patents pilot enterprise by Changshu Intellectual Property Office. During the past 5-trading sessions, SUTR gained 52.8% with daily average trading volumes of 200,161 shares, while the stock accumulated 24.6% gain during the past one month with daily average trading volumes of 72,343 shares. The stock is up 62.0% year-to-date.
Company Description:
Sutor Technology Group, Ltd. (NASDAQ: SUTR) produces steel finishing fabrication products. The company’s products are used in manufacturing household appliance parts and outer casings, electronics, infrastructure, and large industrial equipment.
1-Year Stock Chart:
Source: Bloomberg
