Shandong Molong Reports Unusual A-Share Price Movements

Shandong Molong Petroleum Machinery ( (HK:0568) ) has provided an update.

Shandong Molong Petroleum Machinery Company Limited experienced unusual price movements in its A-shares, with a deviation of more than 12% over three consecutive trading days. The company has verified that there is no undisclosed material information affecting its stock prices, and no significant changes in its operations or environment. The company’s board assures that there are no corrections needed for previously disclosed information, and an application has been made to cancel other risk warnings, pending approval from the Shenzhen Stock Exchange.

More about Shandong Molong Petroleum Machinery

Shandong Molong Petroleum Machinery Company Limited operates in the petroleum machinery industry, focusing on the production and distribution of machinery and equipment used in the oil and gas sector. The company is incorporated in the People’s Republic of China and is listed on the Shenzhen Stock Exchange.

YTD Price Performance: -11.92%

Average Trading Volume: 6,266

Technical Sentiment Signal: Strong Buy

Current Market Cap: $316.5M

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