China North East Petroleum Up 6.5% (NEP)

Shares of China North East Petroleum Holdings Limited NEP are trading up 6.5% at $6.60 per share during the Wednesday afternoon trading session. The day's trading range for shares of China North East Petroleum Holdings Limited has been between $6.31 and $6.70 per share. Analysts covering China North East Petroleum Holdings Limited (NEP) stock give it a consensus price target of $11.00 per share. Trading volume for China North East Petroleum Holdings Limited has been heavier than usual, with 709,000 shares having been traded today, already nearly double the daily average volume of 413,000 shares. China North East Petroleum Holdings Limited NEP is an independent oil company that engages in the production of crude oil in Northern China. The Company is a pioneer in China's private oil exploration and production industry, and the first Chinese non-state-owned oil company trading on the NYSE Amex. Read more from Benzinga's Company news.