West China Cement (OTCMKTS:WCHNF) Trading Up 73.6% – Time to Buy?

West China Cement Limited (OTCMKTS:WCHNFGet Free Report)’s stock price was up 73.6% during mid-day trading on Thursday . The stock traded as high as $0.40 and last traded at $0.40. Approximately 3,300 shares changed hands during trading, an increase of 5% from the average daily volume of 3,133 shares. The stock had previously closed at $0.2304.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group cut shares of West China Cement to a “sell” rating in a research note on Thursday, August 28th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, West China Cement currently has an average rating of “Sell”.

Read Our Latest Stock Report on WCHNF

West China Cement Stock Performance

The firm’s 50-day moving average price is $0.31 and its two-hundred day moving average price is $0.23.

About West China Cement

(Get Free Report)

West China Cement Limited, an investment holding company, manufactures and sells cement and cement products in the People's Republic of China. It sells cement under the Yao Bai and Yaobaishuini names. The company's products are used in the construction of infrastructure projects, such as highways, railways, bridges, hydroelectric power stations, and water conservancy and water transfer projects, as well as housing and social infrastructure projects.

Further Reading

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