Longwei Petroleum Climbs 2% Near High on November Sales Volume


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Longwei Petroleum Investment Holding Ltd. ( LPH ) is up 2.3% near the 52-week high after reporting that its November 2012 product sales volume increased 23.2% month-over-month at its Huajie facility, which nearly doubles the company's storage capacity.

The increase in sales volume is attributable to the increase in new customer business at the Huajie facility, which profitably contributed $9.5 million in product revenues during November.

LPH is trading at $2.63 in a 52-week range of $0.99 - $2.85. Shares have increased 107% in the last 12 months.

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This article appears in: Investing , Commodities

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