Tufton Oceanic Assets (LON:SHIP) Stock Price Up 1.3% - Here's Why

Key Points

• Tufton Oceanic Assets shares increased by 1.3% to GBX 1.14 ($0.02), despite a significant drop in trading volume, with approximately 64,692 shares changing hands.
• The company currently has a market capitalization of £304.04 million and a PE ratio of 4.37, indicating relatively low valuation metrics.
• The stock's 50-day and 200-day moving averages are both at GBX 1.14 and GBX 1.13 respectively, showing stable price performance in recent periods.

Tufton Oceanic Assets (LON:SHIP - ) shares rose 1.3% on Tuesday . The company traded as high as GBX 1.14 ($0.02) and last traded at GBX 1.14 ($0.02). Approximately 64,692 shares were traded during trading, a decline of 62% from the average daily volume of 169,814 shares. The stock had previously closed at GBX 1.12 ($0.02).

Tufton Oceanic Assets Price Performance

The business's 50 day simple moving average is GBX 1.14 and its 200 day simple moving average is GBX 1.13. The company has a market capitalization of £304.04 million, a PE ratio of 4.37 and a beta of 0.40.

About Tufton Oceanic Assets

Seanergy Maritime Holdings Corp. is the only pure-play Capesize ship-owner publicly listed in the US. Seanergy provides marine dry bulk transportation services through a fleet of 11 Capesize vessels with an average age of about 12 years and aggregate cargo carrying capacity of approximately 1,926,117 dwt.

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