Why Did China Dasheng Biotechnology Co (OTCMKTS:CDBT) Jumps 24% On Monday?

There were some stocks which started the new week off on a strong note and one of those was the China Dasheng Biotechnology Co (OTCMKTS:CDBT) stock which ended up with gains of as much as 24% for the day.

Trading Data

On Monday, CDBT stock ended flat at $0.0290 with more than 101 shares, compared to volume of 6.87K shares. The stock moved within a range of $0.0290 – 0.0290 after opening trade at $0.0290.

Cycclone Magnetic Engines Limited Opens Component Development Facility

The company came into the news cycle on Monday after it announced that it had been successful in leasing two industrial properties in Bangalow in New South Wales, Australia and also managed to set up development operations. The news came as a major positive trigger for the China Dasheng Biotechnology stock and it was apparent from the price action that was seen yesterday.

The company noted that it selected Bangalow for establishing those operations since many of the experienced skilled employees of the company resided in the area. China Dasheng Biotechnology also announced that the work had already started on the development of the new components for the Cycclone Y9MX engine which is expected to be showcased in the upcoming months.

The facilities leased by the company make it possible for the company to hand make its products and then send it to the CNC production plant located in Molendinar in Queensland.