China National Building Material Company Limited (OTCMKTS:CBUMY – Get Free Report) shot up 6.3% during trading on Thursday . The company traded as high as $34.84 and last traded at $34.84. 366 shares changed hands during trading, an increase of 10% from the average session volume of 333 shares. The stock had previously closed at $32.7650.
China National Building Material Price Performance
The firm’s 50-day moving average is $30.16 and its two-hundred day moving average is $31.42.
China National Building Material Company Profile
China National Building Material Company Ltd. (OTCMKTS: CBUMY) is a leading Chinese state-owned conglomerate specializing in the production and distribution of building materials and related equipment. The company’s core products include cement, lightweight building boards, fiber cement, and glass fiber materials. Through its subsidiaries, CNBM supplies a wide array of construction inputs used in residential, commercial, and infrastructure projects.
In addition to materials manufacturing, CNBM is active in engineering and equipment design for the construction industry.
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