Jiangxi Copper (OTCMKTS:JIAXF) Trading Down 2.9% – What’s Next?

Jiangxi Copper Company Limited (OTCMKTS:JIAXFGet Free Report)’s share price fell 2.9% during mid-day trading on Thursday . The company traded as low as $5.8046 and last traded at $5.8046. 15,757 shares traded hands during trading, an increase of 162% from the average session volume of 6,014 shares. The stock had previously closed at $5.98.

Jiangxi Copper Price Performance

The stock’s 50-day simple moving average is $5.01 and its two-hundred day simple moving average is $3.86.

Jiangxi Copper Company Profile

(Get Free Report)

Jiangxi Copper Co, Ltd. is one of China’s leading integrated copper producers, engaging in the exploration, mining, smelting, refining and sale of copper and its by-products. Headquartered in Nanchang, Jiangxi Province, the company operates large-scale mining and processing facilities, including the Dexing copper mine—one of Asia’s largest open-pit copper mines. Its vertically integrated operations span the full copper value chain, from ore extraction to refined copper cathodes.

In addition to copper, Jiangxi Copper produces a range of nonferrous metal and chemical by-products, including gold, silver, molybdenum, sulfuric acid and other specialty chemicals.

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