MPC Container Ships ASA (OTCMKTS:MPZZF) Stock Price Down 7.2% – Here’s What Happened

MPC Container Ships ASA (OTCMKTS:MPZZF)’s share price traded down 7.2% during mid-day trading on Friday . The company traded as low as $1.84 and last traded at $1.9480. 43,500 shares traded hands during trading, an increase of 76% from the average session volume of 24,762 shares. The stock had previously closed at $2.10.

MPC Container Ships ASA Price Performance

The company’s 50 day simple moving average is $1.82 and its 200 day simple moving average is $1.77.

MPC Container Ships ASA Company Profile

MPC Container Ships ASA operates as a pure‐play container vessel owner and charterer, specializing in the acquisition and long‐term chartering of modern container ships. Incorporated in Norway, the company focuses on securing a diversified fleet of gearless vessels, which are then chartered out to established liner operators under fixed‐rate time and bareboat agreements. This asset‐light model allows MPC Container Ships to benefit from contracted cash flows while mitigating exposure to spot market volatility.

The company’s fleet consists of medium‐sized container vessels ranging in capacity from approximately 1,000 TEU to 4,500 TEU, with an emphasis on younger, fuel‐efficient ships.