Nine Dragons Paper (OTCMKTS:NDGPF) Stock Price Down 9.4% – Should You Sell?

Shares of Nine Dragons Paper (Holdings) Limited (OTCMKTS:NDGPF) were down 9.4% on Tuesday . The company traded as low as $0.43 and last traded at $0.43. Approximately 9,000 shares changed hands during trading, a decline of 68% from the average daily volume of 28,430 shares. The stock had previously closed at $0.48.

Nine Dragons Paper Stock Down 9.4 %

The business’s 50 day moving average is $0.41 and its 200-day moving average is $0.44.

Nine Dragons Paper Company Profile

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.