China Petroleum & Chemical (OTCMKTS:SNPMF) Trading Down 0.2% – Here’s What Happened
by Sarita Garza · The Markets DailyChina Petroleum & Chemical Co. (OTCMKTS:SNPMF – Get Free Report)’s share price was down 0.2% on Tuesday . The company traded as low as $0.5816 and last traded at $0.5816. Approximately 22,520 shares traded hands during trading, a decline of 12% from the average daily volume of 25,620 shares. The stock had previously closed at $0.5830.
China Petroleum & Chemical Trading Down 1.4%
The company has a fifty day moving average of $0.55 and a two-hundred day moving average of $0.54.
About China Petroleum & Chemical
China Petroleum & Chemical Corporation (OTCMKTS: SNPMF), commonly known as Sinopec, is one of China’s largest integrated energy and chemical companies. Established in 1998 and headquartered in Beijing, Sinopec operates across the full hydrocarbon value chain, encompassing exploration and production of crude oil and natural gas, refining, marketing and distribution of petroleum products, as well as the manufacture of a broad array of petrochemicals. The company manages extensive refining facilities, petrochemical complexes and a nationwide retail network of service stations.
On the upstream side, Sinopec engages in onshore and offshore exploration and production activities through joint ventures and wholly owned subsidiaries.