New China Life Insurance (OTCMKTS:NWWCF) Trading 23.3% Higher – Here’s What Happened

New China Life Insurance Company Ltd. (OTCMKTS:NWWCFGet Free Report) shares shot up 23.3% on Tuesday . The company traded as high as $6.2870 and last traded at $6.2870. Approximately 20,218 shares changed hands during mid-day trading, an increase of 516% from the average daily volume of 3,283 shares. The stock had previously closed at $5.10.

New China Life Insurance Stock Performance

The business has a 50 day simple moving average of $6.45 and a 200-day simple moving average of $6.95.

New China Life Insurance Company Profile

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New China Life Insurance Co, Ltd. (OTCMKTS:NWWCF) is a Beijing-based life insurance company established in 1996. As one of the leading insurers in the Chinese market, New China Life offers a diversified portfolio of life insurance, health insurance and accident insurance products designed to meet the protection and savings needs of individual and group customers.

The company’s product lineup spans traditional life protection policies, health and critical illness coverage, annuities and pension plans.

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