On 8 June 2012, the value of Hoku Corporation stock settled at 15 cents per share, after hitting 20 cents that morning. Some stock trading media outlets issued a Do Not Trade warning for Hoku (NASDAQ: HOKU).
Hoku Corp owns failed Hoku Materials in Pocatello, Idaho. Hoku Corp is a subsidiary of Tianwei New Energy Holdings, which is an affiliate of China South Industries Group Corporation (CSGC).
Ever since the end of May, Hoku stock has been struggling to get above 20 cents. Wikinvest says Hoku’s 52 week average is only 7 cents per share! At last check, 13 June 2012, Hoku Corp was trading between 16 and 17 cents per share.