COSCO SHIPPING (OTCMKTS:CICOF) Trading Up 8.8% – Time to Buy?

Shares of COSCO SHIPPING Holdings Co., Ltd. (OTCMKTS:CICOFGet Free Report) shot up 8.8% during mid-day trading on Thursday . The company traded as high as $2.1755 and last traded at $2.1755. Approximately 2,000 shares were traded during mid-day trading, a decline of 87% from the average session volume of 15,885 shares. The stock had previously closed at $2.00.

COSCO SHIPPING Trading Up 8.8%

The business has a 50-day moving average of $2.01 and a 200 day moving average of $1.93.

About COSCO SHIPPING

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COSCO SHIPPING (OTCMKTS:CICOF) is a global integrated shipping enterprise specializing in container liner services, bulk cargo transportation and comprehensive logistics solutions. As one of the world’s leading container carriers, the company operates a modern fleet of container vessels, dry bulk carriers and multipurpose ships. Its core offerings include scheduled liner services across key trade lanes, chartering services, ship management and terminal operations.

The company delivers end-to-end supply chain support through its logistics arm, which provides warehousing, inland transportation, freight forwarding and intermodal container services.

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