Still, a move of such magnitude nearly always has a clear catalyst, and this kind of volatility is worthy of wariness. SmartHeat itself, in a statement release shortly before the closing bell, pleaded ignorance to what was behind the buying. "
SmartHeat (Nasdaq:HEAT) is trading at unusually high volume Thursday with 1.2 million shares changing hands. It is currently at four times its average daily volume and trading down 16 cents (-2%).
SmartHeat Inc was a leading decliner within the industrial industry, falling 13 cents (-20%) to 52 cents on light volume.