Nine Dragons Paper (OTCMKTS:NDGPF) Trading Down 8%

Nine Dragons Paper (Holdings) Limited (OTCMKTS:NDGPF – Get Rating) was down 8% during trading on Wednesday . The company traded as low as $0.83 and last traded at $0.83. Approximately 100 shares were traded during mid-day trading, a decline of 89% from the average daily volume of 940 shares. The stock had previously closed at $0.90.

Nine Dragons Paper Price Performance

The business has a 50-day moving average of $0.90 and a 200 day moving average of $0.78.

About Nine Dragons Paper

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Nine Dragons Paper (Holdings) Limited, together with its subsidiaries, produces and sells packaging paper, recycled printing and writing paper, and specialty paper and pulp products in the People's Republic of China. The company offers linerboard products, including kraft, test, white top, and coated linerboards; corrugating medium containerboard products; corrugated cardboard products; carton box products; corrugated sheet products; and coated duplex boards.