Perfect World Company Ltd. ADR (NASDAQ:PWRD) stock surged by 13.91%

Posted on May 30 2013 - 5:36am by Steve Hackney

Boston, MA 05/30/2013 (wallstreetpr) - Perfect World Company Ltd. ADR (NASDAQ:PWRD), the online game developer and operator based in People’s Republic of China had recently witnessed an increase in the prices of its ADR. The units of American Depository Receipts of the online game developer had surged by 13.91 percent to close at $14.74 per unit of ADR for the end of last trading session.

The ADRs of Perfect World Company Ltd. ADR (NASDAQ:PWRD) had been trading in the range of $12.98 to $14.90 during the day before closing at $1.80 higher than the closing price of previous trading session. The company had also witnessed heavy trading volume in its American Depository Receipts with nearly 2.93 million ADRs being exchanged hands during the day while the average trading volume for Perfect World Company Ltd. ADR (NASDAQ:PWRD) is only at 434,415 ADRs per day.

In addition, the Perfect World Company Ltd. ADR (NASDAQ:PWRD) had also touched its new 52 week high price level at $14.90 per ADR by the end of last trading session and the 52 week low price level for the ADRs of the online game developer is at $8.92 per unit. Perfect World Company Ltd. ADR (NASDAQ:PWRD) had recently launched three mobile games in China which include the card game “Legend of Chu and Han”, the SLG game “Rise of the King” and the 2D turn based RPG game “ Return of the Condor Heroes”.

Further, the online game developer also has the 3D Fantasy world based MMORPG game “Holy King” in its pipeline.

About the Author

Steve Hackney is a corporate finance professional with over 14 years of experience in cash management and investing. He earned a Bachelor of Science in Finance from Florida State University and holds a Certified Treasury Professional certification. Steve lives in Orlando, Florida with his family.

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