China New Energy Group Co. (CNER.PK)

The corporate offices of China New Energy Group Co are located in China. The company, China New Energy Group Co, trades under the symbol CNER.PK on the Pink Sheets. Due to their very nature, Pink Sheet stocks are risky.

On Dec 11, 2009 the share price of the company reached $0.40. Presently the share price is 84 % lower than its 52 week high of $2.50. Judging from the low share price under $1.00, there appears to have been little to no improvement in the company's financial performance, thus keeping the share price so low. 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. The stock trades at insufficient volume, thereby making it subject to possible market manipulation.