China Direct Industries, Inc. (NASDAQ:CDII) is moving down progressively these days. Yesterday, the stock lost another 
3.49%, while its traded volume increased. Today, the question is will the downtrend continue?
Looks like China Direct is trying hard stop the share price decline with optimistic news and promotions.
Yesterday, the company reported that its magnesium segment operations has received five new purchase contracts from existing customers, valued at approximately $11 million for delivery over the next six months.
Being spread out by a few different websites, the announcement may certainly attract investors’ attention, especially when accompanied by promotions.
The campaign was held just yesterday, when CDII got promoted for a compensation of $13,050. Apparently, China Direct has decided to re-ensure its chart position, hoping to get the climb this time.
In fact, the company has done the same thing before, however, the up move lasted shortly.[BANNER]
China Direct Industries, Inc. manages a portfolio of Chinese entities and provides consulting services to Chinese businesses. Last week, the company filed its annual results, which provoked traders’ interest.
According to the 10-K, cash position of CDII has improved this year. However, its liabilities also increased and accumulated deficit remained uncovered.
Nevertheless, the most important fact about China Direct turns out to be the risk factors section in its financial report. It is full of numerous risk and uncertainties that are beyond the company’s control.
