Stock Market Watch

China Shen Zhou Mining Resources Inc. (SHZ) Soaring in Mid-Day Trading

by ·

China Shen Zhou Mining & Resources Inc. (AMEX: SHZ) shares are soaring in mid-day trading. After opening at $6.24, shares touched a 52-week high of $8.20. The stock has traded in the range of $0.60-$8.20 during the last 52 weeks. China Shen Zhou shares are currently trading 39.96% higher at $7.70 on above average volume of 21.47 million.

China Shen Zhou Mining shares are up more than 80% in the last three trading sessions. The company’s shares have performed strongly in 2010. Year-to-date, the stock has climbed 974.65% and is currently trading above its 50-day and 200-day moving averages. China Shen Zhou currently has a market capitalization of $214 million.

Based in Beijing, China, China Shen Zhou Mining & Resources Inc. is involved in the exploration, development, mining and processing of fluorite, zinc, lead, copper, and other nonferrous metals. The company conducts its business primarily through its China-based subsidiaries.

Tags:

Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.

You may also like...