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American Lorain Corporation (AMEX:ALN) soared 12.92% to $3.50 on an unusual volume of 253k shares compared to a daily average of 68k shares. Today, the processed foods company based in Shandong Province, People's Republic of China ("PRC"), today announced that it has participated in the National Food, Wine & Spirits Fair from October 10th to 15th, 2009 in Zhengzhou, Henan. The National Food, Wine & Spirits Fair, hosted by China National Sugar & Alcohol Group Corp., is a significant national food & beverage fair for the food industry in China. The Company's participation in the event provides a good opportunity to increase market recognition of the American Lorain brand name and to support its domestic market expansion efforts. The stock has a 52-week range of $0.50-$3.55. The stock today also created a new 52-week high at $3.55. American Lorain Corporation (ALC) is an integrated food manufacturing company. The Company conducts its production activities in China. The Company develops, manufactures, and sells chestnut products, convenience foods, and frozen, canned and bulk food (FCB food).
AXT, Inc. (Public, NASDAQ:AXTI) increased 8.78% to $2.23 on an unusual huge volume of 320k shares compared to a daily average trading of 119k shares. The company, a leading manufacturer of compound semiconductor substrates, today announced that Morris Young, chief executive officer, and Raymond A. Low, acting chief financial officer, will present at the AeA Classic Financial Conference at the San Diego Marriott Hotel and Marina in San Diego, California on Tuesday, November 3rd, 2009. The stock has a 52-week range of $0.68-$2.33. The stock today also touched a new 52-week high at $2.33. So far in the last six months the stock has rallied over 150%. XT, Inc. (AXT) is a developer and producer of high-performance compound and single element semiconductor substrates, including substrates made from gallium arsenide (GaAs), indium phosphide (InP) and germanium (Ge). The Company manufactures all of its semiconductor substrates using its vertical gradient freeze (VGF) technology. Most of its revenue is from sales of GaAs substrates.
China Automotive Systems, Inc. (NASDAQ:CAAS) spurted 8.81% to $11.50 on a huge volume of 309k shares on no news. The stock has a 52-week range of $2.01-$11.74. Today the stock also created a new 52-week high at $11.74. So far in the last six months the stock has rallied over 127%. China Automotive Systems, Inc. (China Automotive) is a holding company and has no significant business operations or assets other than its interest in Great Genesis Holdings Limited (Genesis). Through Genesis, the Company manufactures power steering systems and other component parts for automobiles.
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