rise up at the beginning of this week, when yesterday, CIIC gained 12.61% and its traded volume exceeded 180 thousand shares. This immediately put the company among the NASDAQ stocks with top volume increases.Based on these results, we may consider this as an uptrend, though nobody can be certain about its durability yet.[BANNER]
Historical data shows that CIIC has traded higher at the end of the last year, though after that the stock moved down.
Following the news about CIIC, no other explanation on the stock movement can be found, except for the positive financial results the company has submitted. According to them, during the first quarter of the year CIIC registered:
- Revenues increased by 4.2%
- Net income increased by 3%
- Lower operating loss
The results so far look promising, however, they appear to be lower as compared to the annual financials of CIIC. Though, the company still has enough cash to complete its current activities.
China Infrastructure focuses on infrastructure development projects in China. Presently, the stock is still climbing up and the company expects future growth. However, CIIC continues to seek additional development opportunities.
