China Petroleum & Chemical (OTCMKTS:SNPMF) Trading Up 9% – Time to Buy?

China Petroleum & Chemical Co. (OTCMKTS:SNPMFGet Free Report)’s share price rose 9% on Thursday . The company traded as high as $0.58 and last traded at $0.58. Approximately 50,040 shares changed hands during mid-day trading, an increase of 133% from the average daily volume of 21,487 shares. The stock had previously closed at $0.53.

China Petroleum & Chemical Stock Performance

The firm’s 50 day moving average price is $0.55 and its 200-day moving average price is $0.53.

About China Petroleum & Chemical

(Get Free Report)

China Petroleum & Chemical Corporation, an energy and chemical company, engages in the oil and gas and chemical operations in Mainland China, Singapore, and internationally. It operates through five segments: Exploration and Production, Refining, Marketing and Distribution, Chemicals, and Corporate and Others.

Further Reading

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