Gushan Environmental Energy Up 9.4% (GU)

Shares of Gushan Environmental Energy Limited GU are currently up 9.4% at $5.84 per share during Tuesday afternoon trading. Earlier today the company announced that it planned to assess the ramifications of a new notice from the Ministry of Finance of the People's Republic of China (PRC) regarding consumption tax exemption. Today's trading range for shares of Gushan Environmental Energy Limited has been between $5.17 and $6.05 per share. The consensus price target of analysts covering the company's stock is $4.00 per share. Volume of 1.5 million shares is already more than 6 times the daily average volume of 235,000 shares. Gushan Environmental Energy Limited (GU) is a leader in the People's Republic of China bio-diesel industry, in terms of annual production capacity, and one of the leading bio-diesel producers in Asia, in terms of nominal capacity. Read more from Benzinga's Company news.