China Sun Group High Tech Co. is currently trading at $1.78 a share, up $0.17 per share or nearly 11% for the day. The stock hit an intra-day high of $1.88 a share, not far from its 52-week high of $2.10. The company appeared in the QualityStocks FREE Daily Newsletter initially on June 5, 2009, when the shares were trading for only $0.68. The shares have moved up greatly in value since then.
China Sun Group High Tech produces anode materials used in lithium ion batteries. Through its wholly-owned subsidiary, Dalian Xinyang High-Tech Development Company, the company primarily produces cobaltosic oxide and lithium cobalt oxide. This subsidiary has the second largest cobalt series production capacity in China. Through its R&D division, it owns a proprietary series of nanometer technologies that supply state-of-the-art components for advanced lithium ion batteries. The company’s goal is to create a fully integrated supply chain from cobalt ore to finished products, such as lithium ion batteries.
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