Nine Dragons Paper (OTCMKTS:NDGPF) Shares Up 32.5% – Should You Buy?

Nine Dragons Paper (Holdings) Limited (OTCMKTS:NDGPF)’s stock price rose 32.5% during trading on Wednesday . The stock traded as high as $0.95 and last traded at $0.95. Approximately 1,000 shares traded hands during mid-day trading, a decline of 96% from the average daily volume of 27,026 shares. The stock had previously closed at $0.7172.

Nine Dragons Paper Trading Up 32.5%

The company has a 50-day moving average of $0.75 and a two-hundred day moving average of $0.64.

About Nine Dragons Paper

Nine Dragons Paper (OTCMKTS: NDGPF) is a Hong Kong‐based paperboard manufacturing company principally engaged in the production of containerboard and packaging products. Its comprehensive product portfolio includes linerboard, corrugating medium, coated duplex board and testliner, which serve a wide range of end markets spanning e-commerce, consumer goods, industrial packaging and food service. The company also operates complementary businesses in waste paper procurement and paper recycling, integrating raw material sourcing with production to support sustainable manufacturing practices.

Since its founding in 1995, Nine Dragons Paper has developed a multi-regional manufacturing footprint, operating multiple production facilities throughout mainland China and Vietnam.