Keyuan Petrochemicals, Inc. (NASDAQ:KEYP) rose 6.06% on the last trading session. The shares which changed hands exceeded 29 thousand, which is lower than the daily average volume.
This week, the company filed its 10-Q report. The financial document showed that the company has finished the last quarter with nearly $522 million in total assets. Other important points from the 10-Q include:
- a working capital deficit of nearly $100 million
- accumulated comprehensive income of $10.5 million
- 3.3 million in gross loss and net loss of $10 million
- a positive cash flow from operating activities of $20.7 million
The results of the financial report apparently haven’t stirred the market as since their publication KEYP has been generating meager volume.
Earlier this month, it was announced that a class action lawsuit had been filed in the U.S. District Court for the central District of California against KEYP. The company was alleged of having violated federal securities law and of issuing “series of material misrepresentations to the market” which had artificiality pumped the share price of the stock.
