China National Building Material (OTCMKTS:CBUMY) Trading 14% Higher – Time to Buy?

China National Building Material Company Limited (OTCMKTS:CBUMYGet Free Report) was up 14% on Monday . The stock traded as high as $40.27 and last traded at $40.27. Approximately 347 shares were traded during mid-day trading, a decline of 62% from the average daily volume of 903 shares. The stock had previously closed at $35.3150.

China National Building Material Price Performance

The company’s 50-day simple moving average is $31.78 and its 200 day simple moving average is $28.70.

About China National Building Material

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China National Building Material Company Limited, an investment holding company, engages in building material, new materials, and engineering technical services businesses. The company operates through five segments: Cement, Concrete, New materials, Engineering Technology Services, and Others. It produces and sells cement, concrete, and fibreglass, as well as composite and light building materials.

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