China Pacific Insurance (Group) (OTCMKTS:CHPXF) Shares Up 10.3% – Still a Buy?

China Pacific Insurance (Group) Co., Ltd. (OTCMKTS:CHPXF) shares were up 10.3% on Thursday . The stock traded as high as $5.54 and last traded at $5.45. Approximately 200 shares traded hands during mid-day trading, a decline of 54% from the average daily volume of 433 shares. The stock had previously closed at $4.94.

China Pacific Insurance (Group) Trading Up 10.3%

The company’s fifty day simple moving average is $4.61 and its 200 day simple moving average is $4.19.

About China Pacific Insurance (Group)

China Pacific Insurance (Group) Co, Ltd. (OTCMKTS: CHPXF), commonly known as CPIC, is one of China’s leading insurance conglomerates, headquartered in Shanghai. Established in 1991, the group operates through two primary subsidiaries: China Pacific Property Insurance Company and China Pacific Life Insurance Company. Together, these entities provide a comprehensive suite of insurance products designed to meet the risk management and financial protection needs of individuals, families and businesses across mainland China.

In the property and casualty segment, CPIC offers a broad range of coverage including automobile, homeowners, liability and commercial insurance lines.