TMD Energy (NYSEAMERICAN:TMDE) Trading 8.6% Higher – Time to Buy?

TMD Energy Limited (NYSEAMERICAN:TMDEGet Free Report) shares rose 8.6% on Monday . The stock traded as high as $0.8831 and last traded at $0.7931. Approximately 228,719 shares were traded during mid-day trading, an increase of 6% from the average daily volume of 216,407 shares. The stock had previously closed at $0.7301.

TMD Energy Stock Performance

The company has a current ratio of 0.85, a quick ratio of 0.77 and a debt-to-equity ratio of 0.04. The firm’s fifty day moving average is $0.80 and its 200 day moving average is $1.06.

TMD Energy (NYSEAMERICAN:TMDEGet Free Report) last issued its earnings results on Monday, June 29th. The company reported ($0.18) earnings per share (EPS) for the quarter. The firm had revenue of $123.79 million for the quarter.

About TMD Energy

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We are principally involved in marine fuel bunkering services specializing in the supply and marketing of marine gas oil and marine fuel oil which include high sulfur fuel oil, low sulfur fuel oil and very low sulfur fuel oil, to ships and vessels at sea. We are also involved in the provision of ship management services for in-house and external vessels, as well as vessel chartering services. For our bunkering services, we provide offshore bunkering services which involve STS transfer of marine fuels.

Further Reading

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