MPC Container Ships ASA (OTCMKTS:MPZZF) Shares Down 4.8%

MPC Container Ships ASA (OTCMKTS:MPZZF)’s share price dropped 4.8% during mid-day trading on Friday . The stock traded as low as $2.00 and last traded at $2.00. Approximately 82,366 shares traded hands during trading, an increase of 48% from the average daily volume of 55,551 shares. The stock had previously closed at $2.10.

MPC Container Ships ASA Stock Performance

The business’s 50 day simple moving average is $2.05 and its 200 day simple moving average is $1.74.

MPC Container Ships ASA Company Profile

MPC Container Ships ASA owns and operates a portfolio of container vessels. The company focuses on small-to mid-size vessels that are chartered out on time-charter contracts to global and regional liner shipping companies serving intra-regional trade lanes. It operates a fleet of 59 vessels with an aggregate capacity of approximately 126,943 twenty-foot equivalent units.