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China Metro-Rural won't comment on stock jump

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October 17, 2013 05:04 PM EST | AP


NEW YORK — NEW YORK (AP) — China Metro-Rural Holdings Ltd declined to comment Thursday on a big jump in its stock price.

The stock rose 58 cents, or 55.2 percent, to end at $1.63 on the New York Stock Exchange. The company said in a news release that the exchange has contacted it on the matter. The company said its policy is not to comment on unusual market activity.

China Metro-Rural describes itself as a development company in China for agricultural logistics and rural-urban migration.