Lee & Man Paper Manufacturing (OTCMKTS:LMPMF) Stock Price Up 5.7% – Time to Buy?

Lee & Man Paper Manufacturing Limited (OTCMKTS:LMPMFGet Free Report) shot up 5.7% during trading on Thursday . The company traded as high as $0.42 and last traded at $0.42. 4,400 shares were traded during trading, a decline of 96% from the average session volume of 102,200 shares. The stock had previously closed at $0.3974.

Lee & Man Paper Manufacturing Stock Performance

The stock’s 50-day moving average is $0.32 and its 200-day moving average is $0.29.

Lee & Man Paper Manufacturing Company Profile

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Lee & Man Paper Manufacturing Limited is a Hong Kong–incorporated company primarily engaged in the production and sale of paperboard and pulp products. Since its establishment in 1994, the firm has grown into one of the leading containerboard producers in China, offering a range of packaging paper grades that serve the carton, corrugated board and packaging industries.

The company’s product portfolio includes linerboard, testliner, white-top linerboard, duplex board and coated duplex board, as well as both bleached and unbleached kraft pulp.

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