The positive releases, along with the recent promotion, immediately reflected on the stock and it started to gain.
China Direct Industries, Inc. manages a portfolio of Chinese entities and provides consulting services to Chinese businesses. At the beginning of this year, the company had a high-start on the market, though after that the stock moved down.
The quarterly report of China Direct shows that its revenue has increased, though the gross profit has decreased and the company has suffered an approximately three times higher net loss. According to its financial report, CDII still has more assets than liabilities and makes optimistic projections for the future.
In the meantime, traders should carefully follow how far the up move will go to.