Shares of COSCO SHIPPING Energy Transportation Co., Ltd. (OTCMKTS:CSDXF – Get Free Report) fell 31.5% during mid-day trading on Thursday . The stock traded as low as $1.85 and last traded at $1.85. 1,897 shares changed hands during mid-day trading, a decline of 66% from the average session volume of 5,539 shares. The stock had previously closed at $2.70.
COSCO SHIPPING Energy Transportation Trading Down 31.5%
The stock has a fifty day moving average of $1.64 and a 200 day moving average of $1.21.
COSCO SHIPPING Energy Transportation Company Profile
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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