If you look at a 5 year chart, this stock was at $2 in October 2009, it was $1 just a few months prior to that then whent to $8 very quickly. Does anyone know what caused it to go from $2-$8 very quickly?? Thanks
Reverse 4 for 1 split.
yes, they reverse- split 4:1 on Oct 9, 2009 and listed on Nasdaq the day after. Also, 2009 was a hot year for most China stocks.http://www.gulfresourcesinc.cn/news/gulf-resources-effects-a-one-for-four-reverse-stock-split.html
china uplisting was very hot back then.