Metallurgical Corp. of China (OTCMKTS:MLLUY) Reaches New 12-Month High - Still a Buy?

Key Points

• Metallurgical Corp. of China Ltd. reached a new 52-week high of $5.31 amidst recent trading, reflecting overall positive market sentiment.
• The company declared a dividend of $0.1092 per share, yielding an impressive 286.0%, despite a relatively low payout ratio of 13.70%.
• With a market cap of $5.50 billion and a P/E ratio of 7.27, the financial fundamentals indicate strong performance, supported by stable moving averages.

Metallurgical Corp. of China Ltd. (OTCMKTS:MLLUY - ) shares reached a new 52-week high on Saturday . The stock traded as high as $5.31 and last traded at $5.31, with a volume of 159 shares changing hands. The stock had previously closed at $5.21.

Metallurgical Corp. of China Stock Performance

The company has a market cap of $5.50 billion, a P/E ratio of 7.27 and a beta of 0.66. The company's 50-day moving average is $3.90 and its two-hundred day moving average is $3.91. The company has a quick ratio of 0.92, a current ratio of 1.04 and a debt-to-equity ratio of 0.33.

Metallurgical Corp. of China Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, August 29th. Investors of record on Tuesday, July 29th were given a dividend of $0.1092 per share. The ex-dividend date was Monday, July 28th. This represents a yield of 286.0%. Metallurgical Corp. of China's dividend payout ratio is presently 13.70%.

About Metallurgical Corp. of China

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.

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