MPC Container Ships ASA (OTCMKTS:MPZZF) Trading 2.6% Higher – Still a Buy?

Shares of MPC Container Ships ASA (OTCMKTS:MPZZF) shot up 2.6% during trading on Thursday . The stock traded as high as $1.93 and last traded at $1.9140. 14,901 shares were traded during mid-day trading, a decline of 42% from the average session volume of 25,493 shares. The stock had previously closed at $1.8650.

MPC Container Ships ASA Stock Performance

The stock’s 50-day moving average is $1.75 and its 200-day moving average is $1.75.

MPC Container Ships ASA Company Profile

MPC Container Ships ASA operates as a pure‐play container vessel owner and charterer, specializing in the acquisition and long‐term chartering of modern container ships. Incorporated in Norway, the company focuses on securing a diversified fleet of gearless vessels, which are then chartered out to established liner operators under fixed‐rate time and bareboat agreements. This asset‐light model allows MPC Container Ships to benefit from contracted cash flows while mitigating exposure to spot market volatility.

The company’s fleet consists of medium‐sized container vessels ranging in capacity from approximately 1,000 TEU to 4,500 TEU, with an emphasis on younger, fuel‐efficient ships.