Sinoenergy gains 7% as it expands operations in China
Shares of Sinoenergy Corp. (Nasdaq:SNEN) rose by nearly 7% today on the news that the compressed natural gas vehicle and gas station developer has opened three new retail CNG filling stations in China.
Beijing-based Sinoenergy said before the bell this morning that the filling stations started selling CNG on Aug. 22.
With the three additional retail CNG filling stations, the company has opened and is operating a total of fourteen retail CNG filling stations in Central and Eastern China.
By mid-day, the stock is at $6.32, up $0.40 from Friday’s close. Shares have ranged between $4.10 and $10.50 during the past 52 weeks.
For detailed price information and news stories on Sinoenergy, click SNEN.
About the Author
Contributing author Mary Ann Azevedo has more than 13 years of writing and editing experience that includes coverage of a broad range of companies.
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