MPC Container Ships ASA (OTCMKTS:MPZZF) Stock Price Up 0.9% – Should You Buy?

MPC Container Ships ASA (OTCMKTS:MPZZF)’s stock price shot up 0.9% during mid-day trading on Friday . The stock traded as high as $1.79 and last traded at $1.78. 14,417 shares changed hands during trading, a decline of 69% from the average session volume of 46,713 shares. The stock had previously closed at $1.76.

MPC Container Ships ASA Price Performance

The business has a 50-day simple moving average of $2.06 and a 200 day simple moving average of $2.07.

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.