China Fire & Security Group (CFSG) announced Monday morning that it signed a total solution contract worth approximately US$92 million with Wuhan Iron and Steel Corporation, for the Fire Protection Retrofitting Project.
China Fire & Security gapped open sharply higher Monday and is now up 2.50 at $14.56 on above average volume. The stock has re-crossed both its 50 and 200-day moving averages and has risen to nearly a one-month high.
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