China Marine Food Group Ltd (CMFO) Q2 2012 Earnings Call August 15, 2012 08:30 am ET Executives John Mattio - SVP, MZ North America Pengfei Liu - CEO, Secretary and Director Marco Ku - Chief Financial Officer Analysts Alberto Bassetto - Jayhawk Capital PresentationOperator
Welcome to the China Marine Second Quarter 2012 Earnings Conference Call. During today's presentation, all parties will be in a listen-only mode. Following the presentation, the conference will be opened up for questions. (Operator Instructions). This conference is being recorded today, August 15, 2012. I'd now like to turn the conference to over, John Mattio. Please go ahead, sir. John Mattio Thank you and good morning, everyone. Joining us today for China Marine second quarter 2012 earnings conference call are the company's Chairman and CEO, Mr. Pengfei Liu, and the company's Chief Financial Officer, Mr. Marco Ku. Mr. Liu and Mr. Ku, we will be giving comments on the financial and operational results for the second quarter. They will then be available to answer questions after the presentation. I would like to remind everyone though that on this call, prepared remarks may contain forward-looking statements, which are subject to risks and uncertainties and that management may make additional statements in response to your questions. Therefore, the company claims the protection from the Safe Harbor for forward-looking statements that is contained in the Private Securities Litigation Reform Act of 1995. Forward-looking statements related to the business of China Marine Food Group and its subsidiaries can be identified by common use forward-looking terminologies and those statements involve unknown risks and uncertainties, including all business related risks that are more detailed in the company's filings on Form 10-K, 10-K and 8-K with the SEC.
Shares of China Marine Food Group (AMEX:CMFO) have taken a tremendous swing upward. The stock is trading at $1.72 as of 3:55 p.m. ET, 20.3% above Monday's closing price of $1.43. Volume is at 226,852, 3.3 times the daily average of 68,200.
Shares of China Marine Food Group (AMEX:CMFO) have taken a tremendous swing upward. The stock is trading at $3.02 as of 9:31 a.m. ET, 24.8% above Tuesday's closing price of $2.42. Volume is at 6,626, zero times the daily average of 138,100.