Nine Dragons Paper (OTCMKTS:NDGPF) Stock Price Down 12.2% – Here’s What Happened

Nine Dragons Paper (Holdings) Limited (OTCMKTS:NDGPF)’s share price was down 12.2% during mid-day trading on Wednesday . The company traded as low as $0.40 and last traded at $0.40. Approximately 1,000 shares were traded during trading, a decline of 96% from the average daily volume of 27,148 shares. The stock had previously closed at $0.46.

Nine Dragons Paper Trading Down 12.2 %

The firm’s fifty day moving average is $0.46 and its 200-day moving average is $0.45.

Nine Dragons Paper Company Profile

Nine Dragons Paper (Holdings) Limited, together with its subsidiaries, engages in the production and sale of 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.