Metallurgical Co. of China (OTCMKTS:MLLUY) Shares Up 3.3% – Here’s Why

Metallurgical Co. of China Ltd. (OTCMKTS:MLLUY) shares shot up 3.3% during mid-day trading on Tuesday . The stock traded as high as $3.81 and last traded at $3.81. 100 shares traded hands during trading, an increase of 216% from the average session volume of 32 shares. The stock had previously closed at $3.69.

Metallurgical Co. of China Stock Performance

The firm has a fifty day moving average of $4.00 and a 200-day moving average of $3.69. The company has a quick ratio of 0.93, a current ratio of 1.10 and a debt-to-equity ratio of 0.25. The firm has a market cap of $3.95 billion, a P/E ratio of 5.22 and a beta of 0.51.

Metallurgical Co. of China (OTCMKTS:MLLUY) last released its earnings results on Tuesday, October 29th. The company reported $0.36 earnings per share (EPS) for the quarter. Metallurgical Co. of China had a net margin of 0.95% and a return on equity of 3.19%. The company had revenue of $15.89 billion for the quarter.

Metallurgical Co. of China Company Profile

Metallurgical Corporation of China Ltd., together with its subsidiaries, engages in the engineering contracting, property development, equipment manufacture, and resource development businesses in China and internationally. The company’s Engineering Contracting segment offers engineering, construction, and other related contracting services for metallurgical and non-metallurgical projects.