China Pacific Insurance (Group) (OTCMKTS:CHPXF) Trading 10.3% Higher – Time to Buy?

China Pacific Insurance (Group) Co., Ltd. (OTCMKTS:CHPXF)’s share price was up 10.3% during mid-day trading on Thursday . The company traded as high as $5.54 and last traded at $5.45. Approximately 200 shares were traded during mid-day trading, a decline of 54% from the average daily volume of 433 shares. The stock had previously closed at $4.94.

China Pacific Insurance (Group) Stock Performance

The firm has a fifty day moving average price of $4.64 and a 200 day moving average price of $4.20.

About China Pacific Insurance (Group)

China Pacific Insurance (Group) Co, Ltd. (OTCMKTS: CHPXF), commonly known as CPIC, is one of China’s leading insurance conglomerates, headquartered in Shanghai. Established in 1991, the group operates through two primary subsidiaries: China Pacific Property Insurance Company and China Pacific Life Insurance Company. Together, these entities provide a comprehensive suite of insurance products designed to meet the risk management and financial protection needs of individuals, families and businesses across mainland China.

In the property and casualty segment, CPIC offers a broad range of coverage including automobile, homeowners, liability and commercial insurance lines.