Ardmore Shipping Corporation (ASC) Moves Higher on Volume Spike for November 15

Equities Staff |

Ardmore Shipping Corporation (ASC) traded on unusually high volume on Nov. 15, as the stock gained 0.61% to close at $8.25. On the day, Ardmore Shipping Corporation saw 253,805 shares trade hands on 882 trades. Considering that the stock averages only a daily volume of 134,164 shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $9.05 and $5.95 over the last 52-weeks, its 50-day SMA is now $8.31, and its 200-day SMA $7.78. Ardmore Shipping Corporation has a P/B ratio of 0.7.

Ardmore Shipping Corp owns and operates fleet of medium size product and chemical tankers to provide seaborne transportation of petroleum products and chemicals worldwide.

Headquartered in Hamilton, , Ardmore Shipping Corporation has 1,072 employees and is currently under the leadership of CEO Anthony Gurnee.

For a complete fundamental analysis analysis of Ardmore Shipping Corporation, check out Equities.com’s Stock Valuation Analysis report for ASC.

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To get more information on Ardmore Shipping Corporation and to follow the company’s latest updates, you can visit the company’s profile page here: ASC’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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