Advanced Battery Technologies Inc. (abat) CEO Zhiguo Fu buys 1,000,000 Shares

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May 06, 2009
CEO, 10% Owner of Advanced Battery Technologies Inc. (abat) Zhiguo Fu buys 1,000,000 shares of abat on 05/04/2009 at an average price of $2.65 a share.

Advanced Battery Technologies develops manufactures and distributes rechargeable PLI battery cells using lithium cobalt oxide anodes to overcome many of the shortcomings associated with other types of rechargeable batteries. ABAT develops PLI battery cells for use in electric vehicles mine lamps walkie-talkies and consumer electronics including cellular telephones laptop computers and digital cameras. ABAT maintains research and development and manufacturing facilities in Harbin China and administrative offices in New York New York. Advanced Battery Technologies Inc. has a market cap of $180.9 million; its shares were traded at around $3.31 with a P/E ratio of 10.7 and P/S ratio of 4.

Recent Trades of Advanced Battery Technologies Inc. by CEO:
  • Buy: CEO, 10% Owner Zhiguo Fu bought 1,000,000 shares of abat stock on 05/04/2009 at the average price of $2.65; the price of the stock has increased by 24.91% since.