Algoma Steel Group Inc. (NASDAQ:ASTLW – Get Free Report)’s stock price shot up 27.2% during trading on Tuesday . The company traded as high as $0.2450 and last traded at $0.2480. 24,774 shares traded hands during mid-day trading, a decline of 4% from the average session volume of 25,826 shares. The stock had previously closed at $0.1950.
Algoma Steel Group Trading Up 27.2%
The firm’s 50-day moving average price is $0.12 and its 200-day moving average price is $0.18.
About Algoma Steel Group
Algoma Steel Group Inc operates as a fully integrated steel producer headquartered in Sault Ste. Marie, Ontario. The company’s primary business activities revolve around the manufacture of carbon steel products through a modern electric arc furnace steelmaking process. Algoma’s flagship facility combines melting, casting, and finishing operations to deliver a range of flat-rolled and long steel products to industrial customers.
Algoma’s product portfolio includes hot-rolled and cold-rolled coils, coated sheet, plate, rebar and merchant bar, as well as value-added services such as steel processing and inventory management.
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