Volume Spike Investor

Euro Tech Holdings Co. Ltd. (NASDAQ: CLWT) has spiked 11% and already seen twice the normal trading volume.

Its subsidiary, Yixing PACT Environmental Technology Company Ltd., signed its first contract in the USA amounting to $2 million for a wastewater neutralization system to be manufactured and installed at a state-of-the-art stainless-steel manufacturing facility in a Southern USA state.

This is a tiny company with a cult following, and its shares are up 11% at $2.13 on 70,000 shares at 10:06 AM EST. It normally trades about 32,000 shares per day.

The 52-week trading range is $1.64 to $5.15 and its market cap is a mere $25 million after this morning’s stock pop.

Jon C. Ogg
August 7, 2008