RINO International Surging (RINO)

RINO International Corporation

is surging today on stronger-than-average volume. Shares are up $1.24, or 9.44%, to $14.42. More than 840,000 shares have already been traded versus the three-month daily average of 958,100. RINO International is a Chinese small-cap company that designs and manufactures wastewater treatment and flue gas desulphurization equipment for use in the iron and steel industry. Shares have been hit hard in 2010 over fears that Chinese authorities will tigthen monetary policy excessively leading to a slowdown in industrial production. Shares of RINO are down some 49% year-to-date.