Nine Dragons Paper (OTCMKTS:NDGPF) Trading Up 12.3% – Still a Buy?

Shares of Nine Dragons Paper (Holdings) Limited (OTCMKTS:NDGPF) traded up 12.3% on Tuesday . The company traded as high as $0.42 and last traded at $0.42. 4,000 shares were traded during mid-day trading, a decline of 97% from the average session volume of 125,600 shares. The stock had previously closed at $0.37.

Nine Dragons Paper Stock Performance

The company has a 50 day moving average price of $0.35 and a 200-day moving average price of $0.40.

About Nine Dragons Paper

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.