Metallurgical Corp. of China (OTCMKTS:MLLUY) Shares Down 19.8% – Here’s What Happened

Metallurgical Corp. of China Ltd. (OTCMKTS:MLLUYGet Free Report) shares were down 19.8% during mid-day trading on Friday . The stock traded as low as $4.20 and last traded at $4.20. Approximately 272 shares traded hands during mid-day trading, an increase of 407% from the average daily volume of 54 shares. The stock had previously closed at $5.24.

Metallurgical Corp. of China Price Performance

The business’s fifty day moving average is $5.40 and its 200-day moving average is $4.99.

Metallurgical Corp. of China Company Profile

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Metallurgical Corp. of China (OTCMKTS: MLLUY) is a Beijing-based engineering, procurement and construction (EPC) contractor and metallurgical resources explorer. As one of the core operating entities of the state-owned China Metallurgical Group Corporation, the company provides integrated services for mining and mineral processing projects. Its expertise spans project feasibility studies, plant design, turnkey construction, equipment manufacturing and technical consulting for clients in the metals and mining sectors.

The company’s business segments include mining engineering, smelting and metal processing, equipment production and environmental management.

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