Shares of Thai Oil Public Company Limited (OTCMKTS:TOIPY – Get Free Report) dropped 8.4% during trading on Thursday . The stock traded as low as $15.57 and last traded at $15.57. Approximately 11,400 shares changed hands during mid-day trading, an increase of 178% from the average daily volume of 4,100 shares. The stock had previously closed at $17.00.
Thai Oil Public Stock Performance
The company’s 50 day moving average is $13.25 and its two-hundred day moving average is $11.21.
About Thai Oil Public
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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