After yesterday's meteoric rise, shares of China Shen Zhou Mining & Resources SHZ are falling precipitously on Thursday. The stock had traded more than 40% higher on Wednesday on news that China was cutting its rare earth element export quotas.
SHZ is clearly being hit by profit taking, and justifiably so. The bottom is falling out of this stock right now and it is currently down more than 13% at $8.07.
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