RTTNews | Feb 22, 2021 10:10AM EST

10:10 Monday, February 22, 2021 (RTTNews.com) - Shares of ReTo Eco-Solutions, Inc. (RETO) are surging nearly 140% on Monday morning. The increase in stock price seems to be fueled by rumors that the company will announce more projects for the 2022 Winter Olympics in Beijing.

RETO is currently trading at $2.82, up $1.64 or 138.98%, on the Nasdaq.

ReTo Eco-Solutions manufactures and distributes construction materials primarily in China. Its products include aggregates, bricks, pavers, and tiles.

Last month, ReTo Eco-Solutions announced it received State-backed funding with the launch of its second high-visibility Beijing Winter Olympics Competition Zone project.

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