Stocks to Watch: Ardmore Shipping Corporation (ASC) Soars 7.03%

Ardmore Shipping Corporation (ASC) had a good day on the market for Friday October 04 as shares jumped 7.03% to close at $7.61. About 239,667 shares traded hands on 1,667 trades for the day, compared with an average daily volume of n/a shares out of a total float of 33.1 million. After opening the trading day at $7.09, shares of Ardmore Shipping Corporation stayed within a range of $7.62 to $7.09.

With today’s gains, Ardmore Shipping Corporation now has a market cap of $251.87 million. Shares of Ardmore Shipping Corporation have been trading within a range of $8.77 and $4.22 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.

Ardmore Shipping Corp owns and operates a fleet of mid-size product and chemical tankers, which provide seaborne transportation of petroleum products and chemicals across the globe. The company is focused on fuel efficiency and cost leadership, and it provides its shipping services to customers through voyage charters, commercial pools, and time charters. The company’s main customers are oil majors, national oil companies, oil and chemical traders, and chemical companies.

Ardmore Shipping Corporation is based out of Hamilton, and has some 1,128 employees. Its CEO is Anthony Gurnee.

Ardmore Shipping Corporation is also a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It’s maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell’s indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It’s a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

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