China Armco Metals Receives New Certification for Its Scrap Recycling Operation; Shares Up 5%

By Staff,

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Shares of China Armco Metals' ( CNAM ) are up 5.4% to $0.40 in midday trading after the company's Armco (Lianyungang) Renewable Metals subsidiary received new qualifications for its scrap recycling operation.

The updated qualification certificate will allow Armco Lianyungang to recycle scrap metals imported from abroad without having to use agents, who charge the company a fee. As a result, this will reduce the company's costs.

CNAM shares are trading in a day's range of $0.39 - 0.50, and within a 52-week range of $0.25 - $0.98.

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This article appears in: Investing Commodities
Referenced Stocks: CNAM

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