Weikang Bio-Technology Group Co Ltd (PINK:WKBT) finished the last trading session on high volume.
The predominant trades yesterday were buy orders which is why the stock closed the session higher than the previous close.
During the day WKBT hit an intraday low at $0.32 and an intraday high at $0.434. Eventually, the stock closed 52% higher at $0.38.
The total number of shares exchanged during the day was 259 thousand, which is a lot more than the daily average.
The short volume was represented by 159 thousand shares, which is more than half of the total volume.
The company announced yesterday that it was expected to report its fiscal 2011 net profit of between $25 million and $28 million and revenue between $100 million and $102 million.
The announcement had affected the market which was visible by the daily trading activity with the company’s stock.
