Western Bulk Chartering AS (OTC:WSSTF) Shares Down 9.5%

Western Bulk Chartering AS (OTC:WSSTF – Get Rating)’s stock price fell 9.5% during trading on Tuesday . The company traded as low as C$3.35 and last traded at C$3.35. 10,805 shares traded hands during mid-day trading, an increase of 22% from the average session volume of 8,860 shares. The stock had previously closed at C$3.70.

Wall Street Analysts Forecast Growth

Separately, DNB Markets cut shares of Western Bulk Chartering AS from a “buy” rating to a “hold” rating in a research note on Tuesday, February 21st.

Western Bulk Chartering AS Trading Down 9.5 %

The company has a 50 day moving average price of C$3.82.

Western Bulk Chartering AS Company Profile

(Get Rating)

Western Bulk Chartering AS, together with its subsidiaries, operates as a dry bulk shipping company. It is involved in chartering and operating dry bulk vessels for the transportation of products, such as minerals, timber, cement, bauxite, steel products, grains, coal, and others; and chartering and operating chartered-in vessels.