At close of market on Tuesday, Methanex Corporation (TSX:MX) stock finished trading at -2.83%, bringing the stock price to $77.33 on the Toronto Stock Exchange. The stock price saw a low of $77.23 and a high of $78.64.
The company’s stock was traded 1,445 times with a total of 181,252 shares traded.
Methanex Corporation has a market cap of $5.97 billion, with 77.27 million shares in issue.
Methanex Corp manufactures and sells methanol. Methanex’s customers use methanol as a feedstock to produce end products including adhesives, foams, solvents, and windshield washer fluids. The firm also sells its products to the oil refining industry, where the methanol is blended with gasoline to produce a high-octane fuel or blended as a component of biodiesel. Methanex distributes its products through a global supply chain that includes the operation of port terminals, tankers, barges, rail cars, trucks, and pipelines. Europe generates the most revenue of any geographical segment.
Stocks to Watch: Methanex Corporation (TSX:MX)