XinRen - vol 34 m shares?

Anyone knows why this aluminum play is shooting up? Volume is astounding at 34 million shares and the stock price is up 3 cents. Touched 49 c.

Very good luck and gains to you if you have invested in XinRen which is doing S$0.515 and is edging higher.  Meanwhile Dyan-Mac is doing the the high of S$0.64 but my feeling is that it will reach its peak at S$0.66 level.

TigerMel, long time no talk about XinRen. Today, just remembered about this stock when I saw it is in the top vol list.

+2 cents  == 30.5 cents. Cheap or not?
[url=http://www.nextinsight.net
/story-archive-mainmenu-60/912-2011/4557-xinren-extremely-undervalued-]DBS Vickers: XINREN 'extremely undervalued', ARA's target upped, YANGZIJIANG a potential 3-bagger[/url]
 

I think this stock is under heavy accumulation, becos trading volume since the start of 2012 has easily crossed 1 m a day. Going nowwhere and cannot jump over 30-cent level -- yet.

Since the start of the year, my broker said watch XinRen as trading velocity going up. 30 cents is still way below DBS Vickers' target price of 65 cents.

I will hv to buy her dinner. Xinren now 38 c.
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[Reck 18-01-2012]:

Since the start of the year, my broker said watch XinRen as trading velocity going up. 30 cents is still way below DBS Vickers' target price of 65 cents.