China Dongsheng International Inc (OTCMKTS:CDSG) Stock Gains Momentum: Jumps 60% In a Week
If you are currently looking into stocks which may have managed to record significant gains over the course of the past week then you could consider taking a look at the China Dongsheng International Inc (OTCMKTS:CDSG) stock. The stock has moved strongly over the course of the past week and managed to deliver gains to the tune of as much as 60%.
Market Stats
On Monday, CDSG stock moved down 0.06% to $0.1799 with more than 3.37 million shares, compared to its average volume of 43K shares. The stock moved within a range of $0.1600 – 0.2700 after opening trading at $0.18.
China Dongsheng International Provides Shareholder Update
In light of such handsome gains, it could be a good idea for investors to take a look at the corporate update provided by the company on Monday. In the aforementioned update, the company provided a glimpse into its corporate level plan for China Dongsheng International in the near future.
The company announced yesterday that it now has a new management in place. The management is currently working on the development of a wide range domestic and global strategic partnerships which are innovative in nature. The partnerships are meant for establishing investment in such industries which could generated considerable growth.
Those were highly significant updates from the company and that led to significant traction among investors with regards to the China Dongsheng stock among investors. It remains to be seen if the stock can continue to add to its gains.
Key Quote
CDSG’s Chairman, Harp Sangha, stated, “CDSG Holdings, Inc. will be a representation of the company’s new direction and evolving plan to acquire interests in a variety of high-growth businesses. Through financing and market guidance, we see an incredible opportunity to elevate CDSG and its new potential acquisitions to maximize shareholder returns.”
Traders Corner
CDSG stock is trading above the 20-Day and 50-Day Moving averages of $0.15 and $0.17 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.18.
