RY 160.91 0.3555% SHOP 116.03 -0.4718% TD 83.98 0.2148% ENB 62.82 1.4699% BN 68.81 1.6396% TRI 251.78 0.6959% CNQ 39.88 2.0732% CP 103.16 1.9771% CNR 137.31 0.483% BMO 129.32 0.4661% BNS 65.69 0.551% CSU 4682.54 -0.7613% CM 81.6 0.1473% MFC 39.65 -0.0252% ATD 71.3 1.3072% NGT 76.22 -1.6643% TRP 68.46 0.9586% SU 47.8 2.006% WCN 273.36 0.3156% L 213.68 0.1594%
IT Tech Packaging Inc
Company Overview: IT Tech Packaging Inc (NYSE: ITP) is a holding company with operations primarily conducted by its subsidiaries and through contractual arrangements with Hebei Baoding Dongfang Paper Milling Company Limited, a People’s Republic of China company, the variable interest entity, or VIE, based in China. IT Tech Packaging operates its business in China through its PRC subsidiaries, namely Baoding Shengde Paper Co., Ltd., a People’s Republic of China company ('Baoding Shengde') and QianrongQianhui Hebei Technology Co., Ltd., a People’s Republic of China company ('Qianrong') (together with Baoding Shengde, the 'PRC Subsidiaries'), and Dongfang Paper, which is referred to as the VIE in this annual report.
As per our previous US Daily Report published on ‘ITP’ on 31st December 2024, Kalkine provided a ‘Speculative Buy’ stance on the stock at USD 0.29 based on “decent fundamentals, other key financial highlights, the upside indicated by valuation and key risks” and the stock price has now moved by ~106.89% since then and attained resistance 1 and resistance 2.
Noted below are the details of support and resistance levels provided in our previous report:
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