Nine Dragons Paper (OTCMKTS:NDGPF) Shares Down 6.2% – Here’s What Happened

Nine Dragons Paper (Holdings) Limited (OTCMKTS:NDGPF) dropped 6.2% during trading on Tuesday . The stock traded as low as $0.70 and last traded at $0.70. Approximately 177,000 shares were traded during mid-day trading, an increase of 557% from the average daily volume of 26,938 shares. The stock had previously closed at $0.7465.

Nine Dragons Paper Price Performance

The business’s 50-day moving average price is $0.73 and its 200 day moving average price is $0.60.

About Nine Dragons Paper

Nine Dragons Paper (OTCMKTS: NDGPF) is a Hong Kong‐based paperboard manufacturing company principally engaged in the production of containerboard and packaging products. Its comprehensive product portfolio includes linerboard, corrugating medium, coated duplex board and testliner, which serve a wide range of end markets spanning e-commerce, consumer goods, industrial packaging and food service. The company also operates complementary businesses in waste paper procurement and paper recycling, integrating raw material sourcing with production to support sustainable manufacturing practices.

Since its founding in 1995, Nine Dragons Paper has developed a multi-regional manufacturing footprint, operating multiple production facilities throughout mainland China and Vietnam.