Tuesday, November 24, 2009

Origin Agritech Day Two (SEED)

Origin Agritech Limited (NASDAQ: SEED) is continuing yesterday’s surge on a genetic corn approval.  At 8:43 AM EST we have already seen 1.45 million shares trade hands and the stock is up 7% at $11.19.  Shares had been up as high as $11.40 in earlier indications but that is pre-market and won’t count unless the trades happen during hours as the prior 52-week range is $1.70 to $10.58.  This one effectively doubled in price yesterday and traded a whopping 45 million shares.  Its market cap after the double is $235 million.

JON OGG


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