Scorpio Tankers Inc. (STNG) Moves Lower on Volume Spike for November 16

Equities Staff  |

Scorpio Tankers Inc. (STNG) traded on unusually high volume on Nov. 16, as the stock lost 1.47% to close at $3.34. On the day, Scorpio Tankers Inc. saw 3.77 million shares trade hands on 12,745 trades. Considering that the stock averages only a daily volume of 2.45 million 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 $4.93 and $3.20 over the last 52-weeks, its 50-day SMA is now $3.52, and its 200-day SMA $3.83. Scorpio Tankers Inc. has a P/B ratio of 0.65.

Scorpio Tankers Inc acts as a provider in the transportation of refined petroleum products. The company operates its vessels in the Scorpio LR2 Pool, Scorpio Aframax Pool, Scorpio Panamax Pool, Scorpio MR Pool, and Scorpio Handymax Pool.

Headquartered in Monaco, , Scorpio Tankers Inc. has 19 employees and is currently under the leadership of CEO Emanuele A. Lauro.

For a complete fundamental analysis analysis of Scorpio Tankers Inc., check out Equities.com’s Stock Valuation Analysis report for STNG.

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To get more information on Scorpio Tankers Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: STNG’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.



DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

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