Shares of China Green Agriculture, Inc. (NYSE:CGA) shot up 19.6% during trading on Thursday . The stock traded as high as $4.69 and last traded at $3.60. 2,334,863 shares traded hands during trading, an increase of 3,653% from the average session volume of 62,206 shares. The stock had previously closed at $3.01.
Separately, ValuEngine lowered shares of China Green Agriculture from a “buy” rating to a “hold” rating in a report on Thursday, October 1st.
The stock’s 50-day moving average is $2.62 and its 200 day moving average is $2.68.
China Green Agriculture, Inc, through its subsidiaries, engages in the research, development, production, and sale of various types of fertilizers and agricultural products. The company operates in three segments: Jinong, Gufeng, and Yuxing. Its fertilizer products include humic acid-based compound fertilizers, compound fertilizers, blended fertilizers, organic compound fertilizers, slow-release fertilizers, highly-concentrated water-soluble fertilizers, and mixed organic-inorganic compound fertilizers.
See Also: Accumulation/Distribution
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