China Gerui Advanced Metals Analyst Brief: Bounces Back From 52-Week Low Rallying Over 150% in the Past Week Issued by BrokerBank Securities, Inc.

NEW YORK, April 15, 2015 /PRNewswire/ -- China Gerui Advanced Metals Group Ltd. CHOP operating in Zhengzhou City, of Henan Province, China is a multi-faceted metal processing company. The Company reports that it maintains a 12.5% domestic Chinese market share. The Company produces ultra-thin, high precision cold-rolled narrow strip steel products; produced across a range of six production lines with an annual production capacity of 250,000 tons of processed aluminum. The Company's customers utilize their products to produce consumer products, construction material, electrical appliances, and are heavily utilized in the telecommunications industry.

The Company has had a very volatile year to date facing class action litigation recently announced by Levi & Korinsky LLP on behalf of certain investors. Earlier this month the Company faced notification from NASDAQ of non-compliance of minimum bid price rule. The NASDAQ listing rules require a firm to maintain a minimum bid price of $1.00 per share, which as of March 3rd did not meet this requirement. The Company has however since seen a steady rise in the value of their shares surpassing the $1.00 minimum, and will now be required to maintain at least a $1.00 closing price for a minimum of ten consecutive business days to fall back into compliance.

The Company has experienced a sharp rise from its 52-week low of $0.59 on April 1st jumping to $2.55 in just under two weeks; rising 156% in the past week.

For a more detailed look at the company, as well as financial analysis and analyst recommendation please click the link below. There is no cost obligation to view this report.

http://bit.ly/-CHOP-AnalystBrief

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This report was prepared for informational purposes only.  Affiliated parties involved with producing and issuing this report have not been compensated in any form by profiled company.  A full disclaimer can be found by viewing the full analyst report.

FORWARD-LOOKING DISCLAIMER   

This report may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of mentioned company to be materially different from the statements made herein.  

COMPLIANCE PROCEDURE   

Content is researched, written and reviewed on a best-effort basis. This document, article or report is written and authored by Evan Chung, CFA Candidate. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below. We do not engage in high frequency trading.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

BrokerBank Securities, Inc. is a member of the Financial Industry Regulatory Authority, CRD number #130116.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/china-gerui-advanced-metals-analyst-brief-bounces-back-from-52-week-low-rallying-over-150-in-the-past-week-issued-by-brokerbank-securities-inc-300066042.html

SOURCE BrokerBank Securities, Inc.

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