Nine Dragons Paper (OTCMKTS:NDGPF) Stock Price Down 3.9% – Here’s Why

Nine Dragons Paper (Holdings) Limited (OTCMKTS:NDGPF)’s stock price was down 3.9% during trading on Friday. The company traded as low as $0.6072 and last traded at $0.6072. Approximately 2,292 shares were traded during mid-day trading, a decline of 64% from the average daily volume of 6,362 shares. The stock had previously closed at $0.6317.

Nine Dragons Paper Trading Down 3.9%

The company’s 50-day moving average price is $0.72 and its two-hundred day moving average price is $0.88.

About Nine Dragons Paper

Nine Dragons Paper (Holdings) Limited is a China-based paper manufacturing company focused primarily on packaging paper and paperboard products. Its portfolio includes containerboard, linerboard, corrugating medium, coated duplex board, recycled printing and writing paper, specialty paper, and pulp products used in packaging, printing, and other industrial applications.

Founded in 1995, the company has developed an integrated production platform that uses recycled fiber and other recovered paper materials as key raw materials.