Origin Agritech Ltd (SEED) soars to a new 52 week high

Origin Agritech Limited (NASDAQ: SEED) shot up to $9.90 by 90% on Monday, to form a new 52 week high with high volumes.

The China-based hybrid crop seed supplier Origin Agritech Limited (SEED) earlier announced its Q1 results last weekend. Deferred revenues increased 57% to $25.8 million for the three-months ended December, 31 2008 from the same period last year.