Western Bulk Chartering AS (OTCMKTS:WSSTF) Shares Up 6.3% – Still a Buy?

Western Bulk Chartering AS (OTCMKTS:WSSTF – Get Free Report) shares traded up 6.3% on Friday. The company traded as high as C$2.34 and last traded at C$2.34. Approximately 1 shares were traded during mid-day trading, a decline of 100% from the average daily volume of 4,121 shares. The stock had previously closed at C$2.20.

Western Bulk Chartering AS Trading Down 6.2%

The stock’s 50-day simple moving average is C$2.26 and its 200 day simple moving average is C$2.12.

Western Bulk Chartering AS Company Profile

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Western Bulk Chartering AS is a Norway-based dry bulk shipping company focused on the commercial operation and chartering of vessels. Rather than primarily owning a large fleet of ships, the company has historically used an asset-light model, chartering vessels and matching available capacity with cargo requirements from customers worldwide.

The company’s activities are centered on the transportation of dry bulk commodities, including grains, minerals, fertilizers, forest products, steel products and other general bulk cargoes.

Further Reading

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