Kandi Technologies Continues to Rise on Seeking Alpha Post
A very detailed post on Seeking Alpha has lifted shares of Chinese small-cap name Kandi Technologies (NASDAQ: KNDI) in Friday's trading session. The stock has gained 4.84% to $3.05 and volume has picked up notably in the last hour.
The conclusion the report states that "KNDI is heavily involved as a key and lead participant along with various levels of National, State, and Local Governments as well as several State Owned Enterprises in the early roll-out of EV's in China." The author anticipates that the company will be releasing "major events" and "achievements" in the near future.
Although KNDI shares have lost around 46% in 2011, the stock has gained nearly 59% in the last 6 months. The company has a market cap of just $84 million and is very lightly traded on the NASDAQ.
Kandi Technologies, Corp. (Kandi) is engaged in the design, development, manufacturing, and commercializing of electrical vehicle, all-terrain vehicles, go-karts, and specialized automobile related products for the People's Republic of China (PRC) and global export markets.
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