Shares of China Vanke Co., Ltd. (OTCMKTS:CHVKF – Get Free Report) shot up 6.7% on Monday . The company traded as high as $0.32 and last traded at $0.32. 15,000 shares changed hands during mid-day trading, an increase of 88% from the average session volume of 7,983 shares. The stock had previously closed at $0.30.
China Vanke Stock Performance
The firm has a 50 day moving average price of $0.31 and a 200-day moving average price of $0.36.
China Vanke Company Profile
China Vanke Co, Ltd. is one of China’s leading residential real estate developers, with core operations spanning property development, investment and property management. Founded in 1984 and headquartered in Shenzhen, Vanke focuses on large-scale residential communities while also engaging in commercial real estate projects and urban renewal initiatives. The company has built a diverse portfolio of housing developments across more than 60 cities in Mainland China, offering a range of apartment, townhouse and villa products aimed at middle- and high-end buyers.
In addition to its development arm, Vanke operates a growing property services division that provides management and maintenance for residential, commercial and mixed-use properties.
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