Nine Dragons Paper (OTCMKTS:NDGPF) Stock Price Down 6.2% – Time to Sell?

Nine Dragons Paper (Holdings) Limited (OTCMKTS:NDGPF) shares traded down 6.2% during mid-day trading on Wednesday. The company traded as low as $0.6317 and last traded at $0.6317. 100 shares were traded during mid-day trading, a decline of 98% from the average session volume of 6,565 shares. The stock had previously closed at $0.6734.

Nine Dragons Paper Stock Performance

The stock’s 50 day simple moving average is $0.84 and its 200 day simple moving average is $0.87.

About Nine Dragons Paper

Nine Dragons Paper (OTCMKTS:NDGPF) is a major paper manufacturing company focused primarily on producing packaging paper and paperboard. Its product portfolio includes containerboard, corrugating medium, coated duplex board, recycled printing and writing paper, specialty paper, and pulp. These materials are used in corrugated packaging, consumer products, commercial printing, and other industrial applications.

Founded in 1995 by Zhang Yin, the company has developed an extensive manufacturing and distribution network serving customers in China and international markets.