Western Bulk Chartering AS (OTCMKTS:WSSTF) Shares Up 45.7% – Still a Buy?

Western Bulk Chartering AS (OTCMKTS:WSSTFGet Free Report)’s share price shot up 45.7% during trading on Friday . The stock traded as high as C$2.20 and last traded at C$2.20. 5,785 shares changed hands during mid-day trading, a decline of 61% from the average session volume of 14,857 shares. The stock had previously closed at C$1.51.

Western Bulk Chartering AS Price Performance

The company has a 50 day moving average of C$1.65 and a 200 day moving average of C$1.60.

Western Bulk Chartering AS Company Profile

(Get Free Report)

Western Bulk Chartering AS, together with its subsidiaries, operates as a dry bulk shipping company. It engages in chartering and operating dry bulk vessels for the transportation of products, such as minerals, timber, cement, bauxite, steel products, grains, coal, and other products; and operation of chartered-in fleet of 110-150 vessels, including time charter trip vessels and period vessels. The company operates in Norway, Far East, rest of Europe, India, North America, South America, Africa, and the Middle East.

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