Qiao Xing Universal Resources Inc. is Today's Focus Stock on MicroStockProfit.com
January 05 2011 - 6:50AM
MicroStockProfit.com announces an investment report featuring Qiao
Xing Universal Resources Inc. (Nasdaq:XING). The report includes
financial, comparative and investment analyses, and industry
information you need to know to make an educated investment
decision.
The full report is available at:
www.microstockprofit.com/lp/XING
Qiao Xing Universal Resources Inc. (XING) is an emerging Chinese
resources company focused on several strategically important
nonferrous metals such as molybdenum and copper. The Company,
through its subsidiary, China Luxuriance Jade Co. Ltd. (CLJC), owns
the rights to receive the expected residual returns from Chifeng
Haozhou Mining Co. Ltd., a copper-molybdenum poly-metallic mining
company in Inner Mongolia, China. XING's molybdenum business
started operation in July 2009, and generated net income of RMB64.2
million ($9.4 million) in the second half of 2009.
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In the report, the analyst notes:
"In December, the Company announced its subsidiary entered into
a definitive agreement with Chifeng Xingu Mining Co. Ltd., to
acquire the 100% equity interest in Balinzuo Banner Xinyuan Mining
Co. Ltd. (Xinyuan), which owns a mining license for a
lead-zinc-copper mine that covers 3.3233 square kilometers in
Wulandaba Suma, Balinzuo Banner, in the Inner Mongolia Autonomous
Region of the People's Republic of China.
"XING is trading above its 13-day moving average. This is
considered to be the sign of a bullish trend. There is added weight
to this indication because the moving average is rising and
suggests that there has been buying interest in this stock."
To read the entire report visit:
www.microstockprofit.com/lp/XING
See what investors are saying about XING at
http://www.stockhideout.com
Get breaking news on XING at http://thestockmarketwatch.com/
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