Dallas, Texas 01/03/2014 (FINANCIALSTRENDS) – There was a recent decline of almost 11.17% in the share price value of CD International Enterprises Inc and there were only 900 shares that were traded at the price of $0.0930. The 52 week low of CD International Enterprises Inc. is $ 0.04 and its 52 week high is around $0.14. If we talk about the current market capitalization of CD International Enterprises Inc. then it comes around to be $5.32 million.
The company also reported through its Form 8-K that it has received a notice from RBSM LLP and as per the notice it was disclosed that it has resigned as independent registered public accounting firm. There are many industry analysts who are of the view that this is not the right time to enter into this stock because as per its current valuation it will again dip by almost 7 to 8 percent. It is advised that after this 8 percent dip one can enter into this stock and sell on rise strategy will definitely pay of some good returns.
Overview of the CD International Enterprises Inc (OTCMKTS:CDII)
CD International Enterprises Inc. was formally China Direct Industries Inc. that looks after the production, sourcing and distribution of industrial products mainly in the United States of America and China. CD International Enterprises Inc. is also responsible for providing financial and business consultation services to several American and Chinese companies.
Recently the company also announced its 51% stake sale in CDI Beijing international Trading Co. Ltd. Under all the terms and conditions the Vice President of the company Mr. Huijuan Chen acquired around 51 percent stake in CDI Beijing. The whole purchase order was estimated to be around $1.6 million and the entire amount was payable in five installments over a period of 4 years that will last till September 30th, 2016.