Thai Oil Public (OTCMKTS:TOIPY) Trading 49% Higher – Here’s Why

Thai Oil Public Company Limited (OTCMKTS:TOIPYGet Free Report) was up 49% on Tuesday . The stock traded as high as $15.00 and last traded at $15.00. Approximately 100 shares changed hands during mid-day trading, an increase of 0% from the average daily volume of 100 shares. The stock had previously closed at $10.07.

Thai Oil Public Stock Performance

The company’s 50-day moving average price is $11.08 and its 200-day moving average price is $10.35.

Thai Oil Public Company Profile

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Thai Oil Public Company Limited (OTCMKTS: TOIPY) is Thailand’s largest integrated oil refining and petrochemical company. Operating the Sriracha complex in Rayong Province, the firm processes crude oil into a broad slate of refined products, including gasoline, diesel, jet fuel, liquefied petroleum gas (LPG) and base oils. Its petrochemical operations produce key feedstocks—such as olefins and aromatics—that serve the plastics, packaging and consumer goods industries.

In addition to refining and petrochemicals, Thai Oil maintains power generation and utility services to support its operations.

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