Recon Technology (RCON: Quote) announced Monday morning that one of its variable interest entities, Beijing BHD Petroleum Technology Co. Ltd., introduced the Baker Hughes Frac-Point System to China Petroleum and Chemical Corporation's Zhongyuan oilfield.
Recon Technology climbed around mid-morning Monday and extended its gains during the middle portion of the afternoon. Shares finished up by 1.41 at $2.25 on the highest volume of the year. The stock broke out to over a 7-month high and re-crossed its 200-day moving average.
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by RTT Staff Writer
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