Altair Nanotechnologies (ALTI) Surging On Closing Of Big Investment

This was an investment announced quite awhile awhile ago, but it’s being announced this morning that the $57 million investment in Altair Nanotechnologies (ALTI) by Canon Investment Holdings is finally closing.  The investment will result in a majority ownership stake for Canon, but it was necessary for ALTI to survive and make a run at a big push in the China market.

===> Click Here A FREE Daily Altair Technical Analysis

Canon chairman Wei Yincang added, "The investment in Altairnano represents an important milestone for both companies to significantly grow our businesses and accelerate the commercialization of the Altair lithium-titanate technology."

Technically, shares of ALTI are much improved after a big two day surge.  Shares are now trading above the 50 day moving average again and a pull back to this new support area around the $1.20 may offer a nice trade opportunity. 


Leave a Reply

Your email address will not be published. Required fields are marked *