TMD Energy (NYSEAMERICAN:TMDE) Stock Price Down 3.9% – Here’s Why

TMD Energy Limited (NYSEAMERICAN:TMDEGet Free Report) traded down 3.9% on Tuesday . The company traded as low as $0.8036 and last traded at $0.82. 80,163 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 506,654 shares. The stock had previously closed at $0.8530.

TMD Energy Stock Performance

The stock has a 50-day moving average of $1.33 and a 200-day moving average of $1.01.

About TMD Energy

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We are principally involved in marine fuel bunkering services specializing in the supply and marketing of marine gas oil and marine fuel oil which include high sulfur fuel oil, low sulfur fuel oil and very low sulfur fuel oil, to ships and vessels at sea. We are also involved in the provision of ship management services for in-house and external vessels, as well as vessel chartering services. For our bunkering services, we provide offshore bunkering services which involve STS transfer of marine fuels.

Further Reading

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