Shares of China Hongqiao Group Limited (OTCMKTS:CHHQF – Get Free Report) shot up 11% on Thursday . The company traded as high as $3.2125 and last traded at $3.2125. 1,231 shares changed hands during trading, a decline of 93% from the average session volume of 17,850 shares. The stock had previously closed at $2.8950.
China Hongqiao Group Trading Up 11.0%
The company’s fifty day moving average price is $3.22 and its 200-day moving average price is $4.21.
About China Hongqiao Group
China Hongqiao Group Limited is one of the world’s leading producers of primary aluminum and related products. The company operates an integrated production chain spanning bauxite mining, alumina refining, primary aluminum smelting and power generation. Leveraging access to low-cost hydroelectric power and in-house alumina capacity, Hongqiao has established a position as a cost-competitive supplier in the global aluminum market.
Founded in 1994 and headquartered in Binzhou, Shandong Province, China Hongqiao Group has grown through vertical integration and strategic expansion.
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