NEW YORK ( TheStreet) -- Shares of Sino Clean Energy (Nasdaq: SCEI) have taken a tremendous swing upward. The stock is trading at $1.31 as of 9:41 a.m. ET, 26% above Wednesday's closing price of $1.04. Volume is at 414,228, 1.9 times the daily average of 214,300.

Sino Clean Energy has a market cap of $24.3 million and is part of the basic materials sector and chemicals industry. Shares are down 84.3% year to date as of the close of trading on Wednesday.

Sino Clean Energy Inc., through its subsidiaries, operates as a third party commercial producer and distributor of coal-water slurry fuel (CWSF) in the People's Republic of China. The company has a P/E ratio of 0.5, equal to the average chemicals industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Sino Clean Energy as a hold. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, compelling growth in net income and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Sino Clean Energy Ratings Report.

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