COSCO SHIPPING Energy Transportation Co., Ltd. (OTCMKTS:CSDXF – Get Free Report)’s stock price dropped 31.5% during trading on Thursday . The company traded as low as $1.85 and last traded at $1.85. Approximately 1,897 shares changed hands during mid-day trading, a decline of 66% from the average daily volume of 5,539 shares. The stock had previously closed at $2.70.
COSCO SHIPPING Energy Transportation Stock Performance
The company has a 50-day moving average of $1.67 and a two-hundred day moving average of $1.23.
About COSCO SHIPPING Energy Transportation
COSCO SHIPPING Energy Transportation Co, Ltd. (OTCMKTS:CSDXF) is a Chinese shipping enterprise primarily engaged in the transportation of energy commodities. As a subsidiary of China COSCO Shipping Corporation, the company operates one of the world’s largest tanker fleets, specializing in crude oil, refined petroleum products and liquefied natural gas (LNG) shipping. Its fleet includes very large crude carriers (VLCCs), Suezmax and Aframax vessels, as well as specialized LNG carriers, enabling the firm to serve a broad range of chartering requirements.
The company’s core business involves time charter, voyage charter and ship management services for its tankers.
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