HELLENiQ ENERGY (OTCMKTS:HLPMF) Trading 10.3% Higher – Here’s Why

Shares of HELLENiQ ENERGY Holdings S.A. (OTCMKTS:HLPMF) traded up 10.3% during mid-day trading on Monday . The company traded as high as $11.03 and last traded at $11.03. 1,000 shares changed hands during mid-day trading, an increase of 900% from the average session volume of 100 shares. The stock had previously closed at $10.00.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group downgraded HELLENiQ ENERGY to a “sell” rating in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, HELLENiQ ENERGY presently has an average rating of “Sell”.

HELLENiQ ENERGY Stock Up 10.3%

The business’s fifty day simple moving average is $9.83 and its 200-day simple moving average is $9.29.

HELLENiQ ENERGY Company Profile

HELLENiQ ENERGY Public Limited Company, formerly known as Hellenic Petroleum, is a leading integrated energy group in Southeast Europe. The company’s core activities span crude oil refining, supply, trading, petrochemicals and energy production. With operations rooted in Greece, HELLENiQ ENERGY serves both domestic and regional markets through a network of refineries, import terminals and marketing subsidiaries.

The refining segment comprises three major facilities located in Elefsina, Thessaloniki and Aspropyrgos, which together process crude oil into a wide range of petroleum products, including gasoline, diesel, jet fuel and bitumen.