C&G Environment: Could see some movement, after Co. annouced its first foray into sludge treatment with a new plant in Jinjiang city, China. The plant is undergoing equipment installation and trial testing. The investment will be funded via internal funds and bank borrowings. The group expects the plant to commence operations by 2Q11. Its preliminary treatment capacity of 200 tonnes a day can be scaled up to 700 tonnes a day in future….
Technically, Co. is currently trading at its yr lows. See resistance at $0.185 (20 day MA), followed by $0.20 (Support Turned Resistance).
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