China Minsheng Banking (OTCMKTS:CGMBF) Shares Up 7.6% – Time to Buy?

China Minsheng Banking Corp., Ltd. (OTCMKTS:CGMBFGet Free Report) shot up 7.6% during mid-day trading on Friday . The stock traded as high as $0.41 and last traded at $0.41. 1,098,500 shares were traded during trading, an increase of 4,156% from the average session volume of 25,809 shares. The stock had previously closed at $0.38.

China Minsheng Banking Stock Up 7.6 %

The company’s fifty day moving average price is $0.33 and its 200-day moving average price is $0.34.

About China Minsheng Banking

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China Minsheng Banking Corp., Ltd. provides banking products and services for individuals, small and micro-enterprises, corporate customers, government agencies, and financial institutions in the People’s Republic of China. The company operates through Corporate Banking, Retail Banking, and Others segments.

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