Nine Dragons Paper (OTCMKTS:NDGPF) Trading Down 12.2% – What’s Next?

Nine Dragons Paper (Holdings) Limited (OTCMKTS:NDGPF) shares fell 12.2% during trading on Wednesday . The company traded as low as $0.40 and last traded at $0.40. Approximately 1,000 shares traded hands during mid-day 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 Price Performance

The company has a 50 day moving average price of $0.46 and a 200 day moving average price of $0.45.

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.