Stocks Under $5 Moving Early: SCEI, PEIX, SHZ, NLST, USU

The stock market opened lower this morning as Europe continues to be the main focus. Stocks have since recovered some as the major indexes are down only slightly right now. As of 10:20 EST the Dow is down 17 points, the Nasdaq down 12 points and the S&P is down 5 points.

Here’s 5 stocks under $5 in the green this morning.

Sino Clean Energy Inc. (NASDAQ:SCEI) is up $0.30 at $1.34 this morning, a gain of 1.34. SCEI is up today after announcing their third quarter results. The company announced revenue of $17.2 million, a decrease of 31.2% from the year before. CEO of Sino Clean Energy, Baowen Ren, commented, “I’m pleased that the company managed to maintain acceptable sales volume during a very challenging third quarter when operations at our largest customer remained suspended.” SCEI has traded 764 thousand shares today, more than triple its daily average. The company has a current market value of 31.06 million.

Pacific Ethanol, Inc. (NASDAQ:PEIX) is up 10% this morning at $1.53. PEIX continues to trend higher this month and has jumped from $0.42 on November 1 to a high of $1.82 yesterday. PEIX has traded 8.9 million shares this morning, 2 million more than it usually trades in a whole day. The company has a current market cap of 119.50 million.

China Shen Zhou Mining & Resources, Inc. (AMEX:SHZ) is up 6.12% at $2.60 with an intraday high of $2.73. China Shen Zhou Mining signed a contract with SRK for asset assessment of Xinyi Fluorite Mine. SHZ has traded 375 thousand shares so far today, 100 thousand more than its daily average. The company has a current market cap of 85.59 million.

Netlist Inc. (NASDAQ:NLST) is up 11.46% this morning at $3.60. NLST has traded 1.7 million shares so far this morning, nearly 10 times its daily average volume. NLST has been rising steadily the past 5 days, up from $2 to over $3.50. The company has a current market cap of 92.16 million.

USEC Inc. (NYSE:USU) is up 4.38% at $1.43 today. USU has traded 520 thousand shares so far this morning and usually trades 2.1 million shares daily. USU is bouncing back slightly today after dipping this week from $1.65 to $1.33. USEC has a current market cap of 176.88 million.

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Danny is the old hat at Active Investor. One of the been around the block a few times traders, his main focus is on overall market conditions. Be it some new merger talk or Washington being Washington, you can expect Danny will be on top of it.
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