China Tel Group Inc. (CHTL.OB) traded at a 52-week high price of $1.09 per share today. The stock was up $0.05, or nearly 5%, alone today on solid volume of about 1 million shares. The company was initially mentioned in the QualityStocks FREE Daily Newsletter back on June 9, 2009, when the stock was trading for only $0.45 per share. Investors who purchased the shares at that time are sitting on a tidy 120% profit in just over 6 months.
China Tel Group provides fixed-line phone service and long distance services along with high-speed wireless broadband and telecommunications infrastructure engineering and construction services. The company is presently building, deploying and operating networks in Asia and South America. Specifically, the company is building a 3.5 gigahertz wireless broadband telecommunications network in 29 cities across China and a 2.5 gigahertz wireless broadband telecommunications network in cities across Peru.
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