Nine Dragons Paper (OTCMKTS:NDGPF) Shares Up 8.8% – Time to Buy?

Nine Dragons Paper (Holdings) Limited (OTCMKTS:NDGPF) shares were up 8.8% during mid-day trading on Tuesday . The stock traded as high as $0.39 and last traded at $0.39. Approximately 202 shares changed hands during trading, a decline of 100% from the average daily volume of 53,560 shares. The stock had previously closed at $0.36.

Nine Dragons Paper Stock Up 8.8%

The firm has a fifty day simple moving average of $0.37 and a 200 day simple moving average of $0.38.

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.