Jindu Molybdenum said its shares were flagged for abnormal trading after the stock’s closing price deviation exceeded 20% over three consecutive sessions on June 10, June 11, and June 12, 2026. According to Jin10, the company said checks found normal production and operations, with no major changes in its internal or external operating environment.
The company said the molybdenum market has generally been on an upward trend since the start of 2026. It cited an MW molybdenum oxide price of $30.7 per pound recently, up 35.24% from the beginning of the year, and a domestic ferromolybdenum price of 316,500 yuan per ton, up 26.09% from the beginning of the year.
Jindu Molybdenum said neither the company nor its controlling shareholder or actual controller had other material matters that should have been disclosed but were not.
STOCKS | Jindu Molybdenum Shares Flagged for Abnormal Trading After Three-Day Surge
2026-06-12 09:04:07
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