Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY – Get Free Report) shares gapped up prior to trading on Friday . The stock had previously closed at $18.40, but opened at $19.95. Idemitsu Kosan Co.,Ltd. shares last traded at $19.95, with a volume of 10,623 shares changing hands.
Idemitsu Kosan Co.,Ltd. Trading Up 8.7%
The company’s 50-day simple moving average is $16.25 and its 200-day simple moving average is $17.43.
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.
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