Advanced Battery Technologies Inc was a leading decliner within the industrial industry, falling 2 cents (-1.9%) to $1.05 on light volume.
China's insatiable appetite for oil and the resulting spike in gasoline prices in the U.S. could trigger demand for fuel-efficient vehicles before the end of the year.
Shares of Advanced Battery Technologies (Nasdaq:ABAT) have taken a tremendous swing upward. The stock is trading at $1.91 as of 10:11 a.m. ET, 27.3% above Wednesday's closing price of $1.50. Volume is at 3.8 million, 1.6 times the daily average of 2.4 million.