Nine Dragons Paper (OTCMKTS:NDGPF) Stock Falls 3.9% – What’s Next?

Shares of Nine Dragons Paper (Holdings) Limited (OTCMKTS:NDGPF) dropped 3.9% on Friday. The company traded as low as $0.6072 and last traded at $0.6072. Approximately 2,292 shares traded hands during trading, a decline of 64% from the average daily volume of 6,362 shares. The stock had previously closed at $0.6317.

Nine Dragons Paper Stock Performance

The business’s fifty day moving average price is $0.72 and its 200-day moving average price is $0.88.

Nine Dragons Paper Company Profile

Nine Dragons Paper (Holdings) Limited is a China-based paper manufacturing company focused primarily on packaging paper and paperboard products. Its portfolio includes containerboard, linerboard, corrugating medium, coated duplex board, recycled printing and writing paper, specialty paper, and pulp products used in packaging, printing, and other industrial applications.

Founded in 1995, the company has developed an integrated production platform that uses recycled fiber and other recovered paper materials as key raw materials.