Shares of Maanshan Iron & Steel Company Limited (OTCMKTS:MAANF – Get Free Report) shot up 2.9% during mid-day trading on Monday . The company traded as high as $0.2103 and last traded at $0.2103. Approximately 200 shares changed hands during trading, a decline of 92% from the average session volume of 2,483 shares. The stock had previously closed at $0.2044.
Maanshan Iron & Steel Stock Performance
The company’s 50 day moving average price is $0.31 and its 200 day moving average price is $0.31.
Maanshan Iron & Steel Company Profile
Maanshan Iron & Steel Company Limited (OTCMKTS: MAANF), commonly known as Masteel, is a leading steel producer headquartered in Maanshan, Anhui Province, China. As a state-owned enterprise and a subsidiary of China Baowu Steel Group, the company focuses on integrated iron and steel operations, spanning from raw material procurement to finished steel products. Maanshan Iron & Steel serves a broad customer base across construction, automotive, machinery, and energy industries.
The company’s core business activities encompass ironmaking, steelmaking, and rolling, supported by in-house coke ovens and sinter plants.
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