HELLENiQ ENERGY (OTCMKTS:HLPMF) Trading 2.6% Higher – Should You Buy?

HELLENiQ ENERGY Holdings S.A. (OTCMKTS:HLPMFGet Free Report) rose 2.6% during mid-day trading on Thursday . The company traded as high as $10.00 and last traded at $10.00. Approximately 500 shares traded hands during mid-day trading, an increase of 400% from the average daily volume of 100 shares. The stock had previously closed at $9.75.

HELLENiQ ENERGY Stock Performance

The firm has a 50-day simple moving average of $9.39 and a 200 day simple moving average of $9.13.

HELLENiQ ENERGY Company Profile

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HELLENiQ ENERGY Public Limited Company, formerly known as Hellenic Petroleum, is a leading integrated energy group in Southeast Europe. The company’s core activities span crude oil refining, supply, trading, petrochemicals and energy production. With operations rooted in Greece, HELLENiQ ENERGY serves both domestic and regional markets through a network of refineries, import terminals and marketing subsidiaries.

The refining segment comprises three major facilities located in Elefsina, Thessaloniki and Aspropyrgos, which together process crude oil into a wide range of petroleum products, including gasoline, diesel, jet fuel and bitumen.

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