Jiangxi Copper (OTCMKTS:JIAXF) Stock Price Down 2% – Here’s Why

Jiangxi Copper Company Limited (OTCMKTS:JIAXFGet Free Report) shares dropped 2% during mid-day trading on Monday . The company traded as low as $1.60 and last traded at $1.60. Approximately 5,000 shares were traded during mid-day trading, an increase of 72% from the average daily volume of 2,900 shares. The stock had previously closed at $1.63.

Jiangxi Copper Price Performance

The company’s 50 day simple moving average is $1.64 and its 200 day simple moving average is $1.70.

About Jiangxi Copper

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Jiangxi Copper Company Limited engages in exploring, mining, smelting, and refining copper in Mainland China, Hong Kong, and internationally. It offers copper cathodes, copper rods and wires, sulphuric acid, and other products, as well as deposit, loan, guarantee, and financing consultation services.

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