CD International Enterprises Inc (OTCMKTS:CDII) shares are down big again today after the company’s CEO Dr. James Wang remains silent. In early December the stock rose a staggering 5500% in a single trading day as the company announced that they had a $350 million contract to supply 240,000 tons of copper concentrate to a buyer, which still has not been named. While Wang and company filed an 8K with the SEC claiming the same contract, shares have slowing dropped as investors begin to wonder just how honest the CEO is.
Shares have dropped over 92% from their highs earlier this month and many investors are now beginning to question if CD International Enterprises Inc (OTCMKTS:CDII) is actually a scam. With volume greater than the last reported total share count, it seems clear that the company is diluting into this news. The stock has fallen 26.00% or $0.0013 today, hitting $0.0037 per share. About 125.59 million shares traded hands or 103.06% up from the average. CDII has risen 6.00% since November 17, 2015 and is uptrending. It has outperformed the S&P500 by 8.26%.
CD International Enterprises, Inc. sources and distributes industrial products in Asia and the Americas. The company has a market cap of $316,772. The Firm also provides business and management consulting services to public and private American and Chinese businesses. It currently has negative earnings. It operates through two divisions: Mineral Trading segment and consulting segment.