Until recently, Yuhe International, Inc. (PINK:YUII) was a Nasdaq-listed company. Now, it is nowhere near where it used to be. Yet, investors somehow continue to keep YUII alive, albeit on the pink sheets quotes.
Indeed, YUII was last traded on the Nasdaq stock market in six months ago. Considering that YUII has now got the caveat emptor designation on OTCmarkets.com, a possible return to a higher marketplace seems most unlikely, at least for the time being.
Nevertheless, YUII is slowly improving its market value. As seen on the chart, YUII had been steadily sloping down from late-September till early-December before it struck back subsequently. YUII closed the first session of 2012 at a five-week high of $0.83 per share. Shifting a total of 120 thousand shares, YUII marked a considerable improvement over its average daily trading volume of 37 thousand. Unfortunately to its supporters, YUII failed to build on what it had gained on Tuesday and went down 3.6% to $0.80 on a much lower volume of 69 thousand.
While YUII’s relegation to a lower marketplace might be a real slap in the face of its supporters, it is by not their biggest concern. Rather, it is the lack of news that poses challenges for the future development of the company. At this stage, there seems to be no definitive course for what YUII will be doing from now on.
