Shares of China Petroleum & Chemical Co. (OTCMKTS:SNPMF – Get Free Report) shot up 10% on Tuesday . The company traded as high as $0.55 and last traded at $0.55. 1,000 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 56,808 shares. The stock had previously closed at $0.50.
China Petroleum & Chemical Trading Up 10.0%
The stock’s fifty day moving average price is $0.55 and its 200-day moving average price is $0.60.
About China Petroleum & Chemical
China Petroleum & Chemical Corporation (OTCMKTS: SNPMF), commonly known as Sinopec, is one of China’s largest integrated energy and chemical companies. Established in 1998 and headquartered in Beijing, Sinopec operates across the full hydrocarbon value chain, encompassing exploration and production of crude oil and natural gas, refining, marketing and distribution of petroleum products, as well as the manufacture of a broad array of petrochemicals. The company manages extensive refining facilities, petrochemical complexes and a nationwide retail network of service stations.
On the upstream side, Sinopec engages in onshore and offshore exploration and production activities through joint ventures and wholly owned subsidiaries.
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