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Torm A/S ADR (NASDAQ:TRMD) shares surging up from their low levels

Boston, MA 06/07/2013 (wallstreetpr) – The prices of American Depository Shares of Torm A/S ADR (NASDAQ:TRMD) had surged by 14.17 percent to close at $2.74 per share for the end of last trading session on Thursday. The shares of the company which opened at $2.62 on Thursday had been trading in the range of $2.53 to $2.85 per share during the day. The shares of Torm A/S ADR (NASDAQ:TRMD) had recorded 52 week high price level of $7.75 per share and 52 week low price level of $0.90 per share.

Torm A/S ADR (NASDAQ:TRMD) with its operations based in Denmark provides for the integrated freight services to industrial consumers. The company carries refined oil products and also operates in the dry bulk market. Torm A/S ADR (NASDAQ:TRMD) operates its business in two major segments namely Tanker Division and the Bulk Division.

The fleet strength of Torm A/S ADR (NASDAQ:TRMD) is around 140 modern vessels, which include both company owned vessels as well as leased vessels. The shares of the company had recently been surging up from their low levels and are gradually moving upwards along with heavy trading volumes in the market.

On the last trading session of Thursday, Torm A/S ADR (NASDAQ:TRMD) had witnessed the trade of around 204,365 shares in the market, while the average trading volume for the company is at 166,247 shares per day. The company presently holds 72.13 million shares outstanding in the market with a total market capitalization of $197.63 million.

Published by Van Bettauer

Van Bettauer is a financial aficionado from Vancouver, British Columbia. He currently studies at UBC, pursuing a Bachelors of Science degree. Van has been freelance writing for many years, specializing in copywriting, report writing and article writing. The combination of his scientific studies and writing experience brings a new and fresh perspective to the financial world. Visit Bettauer's Google+ page at the following address: https://plus.google.com/100770875710593766367/posts

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