China Shenghuo Pharmaceutical Holdings, Inc. (AMEX:
KUN) are surging 35% in unusually heavy volume despite no significant announcements from the China-based developer of pharmaceutical, nutritional supplement and cosmetic products. In midday action, 1.1 million shares have been traded compared with an average of 59,900 shares. Investors posting on Internet message boards speculate that medical products will be in high demand after a deadly earthquake damaged China’s southwest region. China said early Thursday morning that the death toll from the quake could top 50,000.
---You can read the FULL article when you register (registration is free!) or sign-in to SmallCapInvestor.com---
Enjoy exclusive, breaking news on small cap companies, available nowhere else. Register now for your FREE membership.