Shares of COSCO SHIPPING Energy Transportation Co., Ltd. (OTCMKTS:CSDXF – Get Free Report) fell 2.5% on Thursday . The company traded as low as $2.35 and last traded at $2.35. 50,000 shares traded hands during mid-day trading, an increase of 670% from the average session volume of 6,492 shares. The stock had previously closed at $2.41.
COSCO SHIPPING Energy Transportation Price Performance
The business has a fifty day simple moving average of $2.43 and a two-hundred day simple moving average of $1.80.
About COSCO SHIPPING Energy Transportation
COSCO SHIPPING Energy Transportation Co, Ltd. (OTCMKTS:CSDXF) is a Chinese shipping enterprise primarily engaged in the transportation of energy commodities. As a subsidiary of China COSCO Shipping Corporation, the company operates one of the world’s largest tanker fleets, specializing in crude oil, refined petroleum products and liquefied natural gas (LNG) shipping. Its fleet includes very large crude carriers (VLCCs), Suezmax and Aframax vessels, as well as specialized LNG carriers, enabling the firm to serve a broad range of chartering requirements.
The company’s core business involves time charter, voyage charter and ship management services for its tankers.
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