Advanced Battery Technologies Inc was a leading decliner within the industrial industry, falling 2 cents (-1.9%) to $1.05 on light volume.
Shares of Advanced Battery Technologies (Nasdaq:ABAT) have taken a tremendous swing upward. The stock is trading at $1.55 as of three p.m. ET, 20.2% above Friday's closing price of $1.29. Volume is at 3.1 million, 1.2 times the daily average of 2.6 million.
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.