Metallurgical Corp. of China (OTCMKTS:MLLUY) Reaches New 12-Month Low – Time to Sell?

Metallurgical Corp. of China Ltd. (OTCMKTS:MLLUY – Get Free Report)’s share price hit a new 52-week low during trading on Friday. The company traded as low as $3.30 and last traded at $3.30, with a volume of 200 shares. The stock had previously closed at $3.5650.

Metallurgical Corp. of China Stock Down 7.4%

The business has a fifty day moving average of $3.56 and a 200 day moving average of $3.86. The firm has a market cap of $3.42 billion, a P/E ratio of 5.59 and a beta of 0.74.

Metallurgical Corp. of China Company Profile

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Metallurgical Corporation of China Limited, also known as China Metallurgical Group Corporation or MCC, is a China-based engineering and construction company. The company provides engineering, procurement and construction services, with particular expertise in iron and steel metallurgy, mining, infrastructure and industrial projects.

MCC’s activities also include resource development, equipment manufacturing, real estate development and property services. Its engineering operations cover project design, construction, technology development and related technical services for clients in the metallurgical, energy, transportation, municipal infrastructure and environmental sectors.

The company traces its roots to China’s metallurgical engineering industry and was incorporated as Metallurgical Corporation of China Limited in 2008.

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