ChinaGrowth North Acquisition Corp. (CGNUF.PK)

China-based ChinaGrowth North Acquisition Corp is in Blank Checks. It trades under the stock symbols CGNUF.PK and CGNUF.OB on the Pink Sheets and Over the Counter Bulletin Board (OTCBB), respectively. We advise extreme caution before investing in any stocks on the Pink Sheets, as they are frequently targets of investor fraud. Because the company is listed on two exchanges, there could be a more active marketplace.

On Dec 26, 2009 the company's share price was $7.30. Presently the share price is 25.43 % lower than its 52 week high of $9.79. Although still considered a penny stock the share price is above the $1.00 range. 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 appears to be trading at pretty low volumes, making it less attractive to traders, as the price could be highly volatile.