Shares of SunSi Energies Inc. (PINK:SSIE) surged over 5% on Wednesday following the company said that it has received its first ever order from outside the China.
The company said that Nitol Solar, a Russia bases company, bought 117 metric tons of trichlorosilane (TCS) from the company’s Wendeng facility located in Weihai City, China.
The company said that although the intital order size is low, but it expects the increased orders from Nitol going forward as the company is working aggressively in expanding its sales strategies putside China.
The company further added that it has been working on expanding its production capacity at its Wendeng in order to meet the demand from China and Nitol.
The company currently sells impressive quantities of TCS to two of the world’s five largest polysilicon producers located in China.
The company has recently completed the initial expansion of its facility in Wendeng and is working on moving forward with new, diverse business development initiatives to increase sales and global market share. The company further said that they are in advance talks with companies based in the U.S., Europe, and Taiwan, who are interested in purchasing TCS to be shipped to locations outside of China.
Shares of SSIE are trading on very unusual volume with more than 11.50K shares already traded hands, compared to its average volume of 4.14K shares. The stock is current up by 4.84% to $3.90 after hitting day’s high and low of $3.99 and $3.72 respectively.
The company has market capitalization of $108.15 million.
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