All of a sudden, SINO AGRO FOOD INC (PINK:SIAF) started to fly up on no news released. Yesterday, the stock gained 9.70% image178.pngon its price to trade at $0.735 per share. Along with the price jump, its traded volume exceeded 863 thousand shares for the day.

As there is no news on Sino these days, the unexpected high trade immediately raised questions on the  company’s current activities.

The latest news by the company was reported a week ago and concerned the new quarterly results of SIAF. According to the announcement, the company’s financials have been improved and a conference for the shareholders was to be hosted on August, 31. Though, SIAF is still waiting for the final audited reports for the periods ending  December 31, 2008 and 2009 to be issued this month, and for the fiscal year ended June, 30 in September this year.[BANNER]

9SIAF.pngIn the quarterly report provided for the OTC markets website, Sino stated that it had 100 million shares of common stock authorized and around 53 million issued and outstanding. The company reported higher feed sales and gross profit, while its stockholders’ equity increased by over $78 million. SIAF has registered more assets than liabilities, though the company’s expenses were 42.26% higher as compared to the year before.

Following the records, SIAF stock has declined substantially since April this year and the future of the stock should be carefully observed. As there’s no recent news on the official website of Sino, the only thing left for traders is to wait for the upcoming press conference of the company.