Thai Oil Public Company Limited (OTCMKTS:TOIPY – Get Free Report) shares shot up 21.9% during trading on Tuesday . The stock traded as high as $20.40 and last traded at $20.40. Approximately 401 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 3,108 shares. The stock had previously closed at $16.73.
Thai Oil Public Stock Performance
The firm has a 50 day simple moving average of $15.35 and a two-hundred day simple moving average of $14.81.
Thai Oil Public Company Profile
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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