Trade-Ideas: Sinocoking Coal And Coke Chemicals (SCOK) Is Today's

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Trade-Ideas LLC identified Sinocoking Coal and Coke Chemicals ( SCOK) as a "dead cat bounce" (down big yesterday but up big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified Sinocoking Coal and Coke Chemicals as such a stock due to the following factors:

  • SCOK has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $28.1 million.
  • SCOK has traded 115,084 shares today.
  • SCOK is up 9.1% today.
  • SCOK was down 24.3% yesterday.

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More details on SCOK:

SinoCoking Coal and Coke Chemical Industries, Inc. operates as a coal and coke producer in the People's Republic of China. Its products include raw coal, washed coal, medium or mid-coal, coal slurries, coke, coal tar, and crude benzol. It provides metallurgical coke for steel manufacturing. SCOK has a PE ratio of 58.4.

The average volume for Sinocoking Coal and Coke Chemicals has been 314,600 shares per day over the past 30 days. Sinocoking Coal and Coke has a market cap of $61.7 million and is part of the basic materials sector and metals & mining industry. The stock has a beta of 1.06 and a short float of 2% with 0.06 days to cover. Shares are up 511.2% year-to-date as of the close of trading on Tuesday.

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