TMD Energy (NYSEAMERICAN:TMDE) Shares Up 8.9% – Here’s What Happened

TMD Energy Limited (NYSEAMERICAN:TMDEGet Free Report) shares shot up 8.9% on Wednesday . The stock traded as high as $0.9879 and last traded at $0.91. 5,489,768 shares traded hands during mid-day trading, an increase of 1,130% from the average session volume of 446,314 shares. The stock had previously closed at $0.8360.

TMD Energy Stock Up 8.9%

The firm has a fifty day moving average of $1.10 and a two-hundred day moving average of $1.02.

About TMD Energy

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We are principally involved in marine fuel bunkering services specializing in the supply and marketing of marine gas oil and marine fuel oil which include high sulfur fuel oil, low sulfur fuel oil and very low sulfur fuel oil, to ships and vessels at sea. We are also involved in the provision of ship management services for in-house and external vessels, as well as vessel chartering services. For our bunkering services, we provide offshore bunkering services which involve STS transfer of marine fuels.

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