Western Bulk Chartering AS (OTCMKTS:WSSTF) Stock Price Up 45.7% – Here’s Why

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

Western Bulk Chartering AS Stock Performance

The firm has a 50-day moving average price of C$1.65 and a 200-day moving average price of C$1.60.

About Western Bulk Chartering AS

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.