China Petroleum & Chemical (OTCMKTS:SNPMF) Trading Up 0.7% – Time to Buy?

China Petroleum & Chemical Co. (OTCMKTS:SNPMFGet Free Report)’s stock price rose 0.7% during mid-day trading on Wednesday . The company traded as high as $0.70 and last traded at $0.6850. Approximately 159,354 shares changed hands during mid-day trading, an increase of 157% from the average daily volume of 61,952 shares. The stock had previously closed at $0.68.

Analyst Ratings Changes

Separately, Sanford C. Bernstein cut China Petroleum & Chemical to an “underperform” rating in a research report on Tuesday, January 6th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

View Our Latest Stock Report on SNPMF

China Petroleum & Chemical Trading Up 0.7%

The firm has a 50-day moving average of $0.60 and a 200 day moving average of $0.56.

About China Petroleum & Chemical

(Get Free Report)

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.

Further Reading

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