Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY) Stock Price Up 5.1% – Here’s Why

Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY) rose 5.1% on Friday . The company traded as high as $19.00 and last traded at $19.00. Approximately 141 shares changed hands during mid-day trading, a decline of 94% from the average daily volume of 2,238 shares. The stock had previously closed at $18.08.

Idemitsu Kosan Co.,Ltd. Stock Up 5.1%

The company has a fifty day moving average price of $16.68 and a two-hundred day moving average price of $14.84.

Idemitsu Kosan Co.,Ltd. Company Profile

Idemitsu Kosan Co, Ltd. is a Japanese energy company primarily engaged in the refining of crude oil and the production of petroleum products. Established in 1911 by Sazo Idemitsu, the company has grown into one of Japan’s leading refiners, supplying gasoline, diesel, jet fuel and kerosene to both industrial and retail customers. Its core refining operations are supported by a network of domestic refineries that process a wide range of crude oils.

In addition to its downstream refining business, Idemitsu Kosan manufactures petrochemical feedstocks used in the production of plastics, synthetic rubbers and other chemical intermediates.