|Bid||5.05 x 1000|
|Ask||5.55 x 4000|
|Day's Range||5.50 - 9.40|
|52 Week Range||1.14 - 17.87|
|Beta (3Y Monthly)||4.33|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||32.00|
NEW YORK, NY / ACCESSWIRE / October 18, 2018 / Shares of Chinese stocks Yulong Eco-Materials and China Advanced Construction Materials Group were both popping on Wednesday. While China Advanced Construction Materials Group lacked news to explain the gains, Yulong’s closing of its acquisition of the Millennium Sapphire sent shares roaring over 600%.
Shares of China-based Yulong Eco-Materials Ltd. rocketed more than 7-fold (up 606%) on extremely heavy volume to pace all Nasdaq gainers, after the eco-friendly building products and construction waste management company said it completed the $50 million purchase of the Millennium Sapphire. Volume swelled to 26.9 million shares, compared with the full-day average of about 43,700 shares. The world-renowned gem was acquired with the issuance of 25 million Yulong restricted shares, the company said before Wednesday's open. Yulong said it is now in the process of selling or spinning off its China businesses so it can devote all of its resources to the Millennium Sapphire business. The company said it plans to relocate its headquarters to New York from Pingdingshan, in China's Henan province. "We are extremely pleased to have completed the purchase of this world class, under valued asset," said Chief Executive Hoi Ming Chan. "By spinning off the China businesses, we will divest ourselves of all the China assets and all the debts of the previous business." The company did not immediately respond to a request for further comment. Yeco shares have now more than tripled over the past 12 months, while the S&P 500 has advanced 9.9%.
Yulong Eco-Materials Limited (Nasdaq CM: YECO) today announced that it has completed the acquisition of the Millennium Sapphire “MS”. Yulong announced on August 22, 2018 that it had signed a Sale and Purchase Agreement to acquire the Millennium Sapphire for US$50 million. The Closing was contingent upon obtaining YECO shareholder and NASDAQ approval. YECO shareholders voted on September 3rd as disclosed in its 6K filing to approve the acquisition along with changing the name of the corporation to Millennium Enterprises Limited.
Yulong Eco-Materials Limited (Nasdaq CM: YECO ) today released it’s 6K filing. On July 20, 2018 the Company announced its receipt of a notification from NASDAQ that on July 16, 2018, indicating that, as a result of the Company not timely filing with the Securities and Exchange Commission (“SEC”) its Current Report on Form 6-K for the fiscal mid year report ending December 31, 2017, the Company failed to comply with the periodic filing requirements in NASDAQ Listing Rule 5250(c)(1). The Company had 45 days until August 30, 2018, to submit to the NASDAQ listing qualifications staff, pursuant to the request set forth in the notification, a plan to regain compliance with NASDAQ’s continued listing requirements.
Yulong Eco-Materials Limited (Nasdaq CM: YECO) today announced that it has signed a Sale and Purchase Agreement to acquire the Millennium Sapphire for US$50 million. The acquisition will be paid via the issuance of 25 million YECO restricted shares valued at $2.00 per share. The Closing will be contingent upon obtaining YECO shareholder and NASDAQ approval.
Yulong Eco-Materials Limited (Nasdaq CM: YECO ) today announced that the Company has targeted the week of August 6th to file its December 31, 2017 financials and regain compliance with NASDAQ. YECO received of a notification from NASDAQ on July 16, 2018, indicating that as a result of the Company not timely filing with the Securities and Exchange Commission (“SEC”) its Annual Report on Form 6-K for the fiscal year ended December 31, 2017 (the “Annual Report”), the Company failed to comply with the periodic filing requirements in NASDAQ Listing Rule 5250(c)(1).
Investors are always looking for growth in small-cap stocks like Yulong Eco-Materials Limited (NASDAQ:YECO), with a market cap of US$8.13M. However, an important fact which most ignore is: how financiallyRead More...
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PINGDINGSHAN, China, Jan. 30, 2018 /PRNewswire/ -- Yulong Eco-Materials Limited (YECO) ("Yulong" or "the Company"), a leading vertically integrated manufacturer of eco-friendly building products and a leading producer of fly-ash bricks and concrete announced on January 30, 2018 that effective immediately, the board accepted Mr. Yulong Zhu's resignation from the board of directors and appointed Mr. Wancheng Xie as a director to fill in the vacancy created by Mr. Zhu's resignation. Mr. Zhu will continue as the CEO of the Company. Mr. Xie is also appointed as chairman of the board.
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PINGDINGSHAN, China, Nov. 30, 2017 /PRNewswire/ -- Yulong Eco-Materials Limited (YECO) ("Yulong" or "the Company"), a leading vertically integrated manufacturer of eco-friendly building products and a leading producer of fly-ash bricks and concrete announced on November 30, 2017, that the Nasdaq Hearings Panel has determined that the Company has demonstrated compliance with the $1.00 bid price requirement and all other applicable requirements for continued listing. Yulong Eco-Materials Ltd. ("Yulong" or the "Company") is incorporated in Cayman Island and is located in Pingdingshan City, Henan Province, China.
Yulong Eco-Materials Limited (NASDAQ:YECO) is a small-cap stock with a market capitalization of USD $6.39M. While investors primarily focus on the growth potential and competitive landscape of the small-cap companies,Read More...