COSCO SHIPPING Energy Transportation (OTCMKTS:CSDXF) Stock Price Up 130.9% – Time to Buy?

Shares of COSCO SHIPPING Energy Transportation Co., Ltd. (OTCMKTS:CSDXFGet Free Report) rose 130.9% during mid-day trading on Tuesday . The stock traded as high as $2.54 and last traded at $2.54. Approximately 22,200 shares were traded during trading, an increase of 1,345% from the average daily volume of 1,536 shares. The stock had previously closed at $1.10.

COSCO SHIPPING Energy Transportation Stock Performance

The company has a 50-day moving average of $1.14 and a two-hundred day moving average of $1.00.

COSCO SHIPPING Energy Transportation Company Profile

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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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