CBL International (NASDAQ:BANL) Trading Up 0.4% – Here’s What Happened

CBL International Limited (NASDAQ:BANL)’s stock price traded up 0.4% during mid-day trading on Tuesday . The company traded as high as $0.4520 and last traded at $0.4499. 8,134 shares traded hands during mid-day trading, a decline of 71% from the average session volume of 28,440 shares. The stock had previously closed at $0.4483.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of CBL International in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

CBL International Price Performance

The business has a 50-day moving average price of $0.49 and a 200-day moving average price of $0.66.

CBL International Company Profile

CBL International Limited, a marine fuel logistics company, provides vessel refueling solutions in Malaysia, Hong Kong, China, South Korea, Singapore, and internationally. It facilitates vessel refueling between ship operators and local physical distributors/traders by purchasing marine fuel, including both fossil fuel and alternative fuel. The company’s services to its customers include vessel refueling options available at ports; arranges vessel refueling activities and local physical delivery of marine fuel; and coordinates vessel refueling schedule.