China Bionanometer Industries Corp. (CBIU.PK)

China Bionanometer Industries Corp is based in Utah. It is currently trading under the stock symbol CBIU.PK on the Pink Sheets. We advise extreme caution before investing in any stocks on the Pink Sheets, as they are frequently targets of investor fraud.

On Jan 6, 2009 the share price of the company's stock was $0.03. At the moment, the share price is 97.2 % lower than its 52 week high of $1.07. Stocks under $1.00 are often followed by liquidity issues. Also there is often little hope of share price appreciation, for stocks in this price range. They do not usually go up unless there is a significant improvement in the fundamentals. The stock is hitting new 52 week lows. Counter-trend investors might find this an opportunity to buy some of it. But such an approach may not always be successful. This stock has issues with liquidity. Once bought, such shares might be difficult to sell.