Boston, MA 06/13/2013 (wallstreetpr) – The share prices of China BAK Battery Inc. (NASDAQ:CBAK) had surged by 9.02 percent to close at $1.21 per share for the end of last trading session. The stock opened at $1.34. Over 12.62m shares were traded in the last trading session.
China BAK Battery Inc. (NASDAQ:CBAK) had a market capitalization of 15.27m.The share prices of China BAK Battery Inc. (NASDAQ:CBAK) had surged by 19.30 percent to close at $1.36 per share for the end of last trading session on Monday. The shares of the company had been trading in the range of $1.02 to $1.39 per share during the day. The shares of China BAK Battery Inc. (NASDAQ:CBAK) had recorded 52 week low price level of $0.59 per share and 52 week high price level of $3.55 per share.
The shares of China BAK Battery Inc. (NASDAQ:CBAK) had been regaining after the recent crash for the weekend owing to the false rumors surrounding the company. It was rumored that the company had won a supply deal with Kandi Technologies Inc to supply batteries for the electric sedan which the company is jointly developing with the Geely Automotive. This electric sedan had recently been approved by the Ministry of Information and Industry Technology at People’s Republic of China
