Jiangxi Copper (OTCMKTS:JIAXF) Stock Falls 9.7% – What’s Next?

Jiangxi Copper Company Limited (OTCMKTS:JIAXF – Get Free Report)’s share price fell 9.7% during mid-day trading on Tuesday. The stock traded as low as $3.86 and last traded at $3.86. Approximately 1,282 shares traded hands during trading, a decline of 64% from the average daily volume of 3,598 shares. The stock had previously closed at $4.2730.

Jiangxi Copper Price Performance

The firm’s 50 day moving average price is $4.46 and its two-hundred day moving average price is $4.45.

Jiangxi Copper Company Profile

(Get Free Report)

Jiangxi Copper Co, Ltd. is a China-based nonferrous metals company engaged primarily in the exploration, mining, processing, smelting, refining and sale of copper. The company operates copper mining assets in Jiangxi Province, including the Dexing and Yongping mines, and produces copper concentrates and refined copper products.

Its product portfolio includes copper cathodes, copper rods, wires, sheets, foils and other fabricated copper materials. Jiangxi Copper also produces and sells associated metals and industrial materials, including gold, silver, sulfuric acid and other byproducts recovered during the copper production process.

Established in 1979, the company is headquartered in Nanchang, Jiangxi Province, and serves customers in China and international markets.

Further Reading

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