FutureFuel Corp. (FF) traded on unusually high volume on Mar. 19, as the stock gained 1.28% to close at $14.29. On the day, FutureFuel Corp. saw 335,361 shares trade hands on 3,085 trades. Considering that the stock averages only a daily volume of 127,189 shares a day over the last month, this represents a pretty significant bump in volume over the norm.
Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.
The stock has traded between $19.31 and $11.32 over the last 52-weeks, its 50-day SMA is now $17.57, and its 200-day SMA $15.89. FutureFuel Corp. has a P/B ratio of 1.61. It also has a P/E ratio of 10.6.
FutureFuel Corp manufactures and sells biofuels and chemicals through two segments based on product type. The biofuel segment, which generates the majority of revenue, sells biodiesel and other petroleum products. Its fuels are made from the mix of diesel, vegetable oils, and grease feedstocks. The chemicals segment sells products that are used in the production of agricultural chemicals, which include herbicides, coatings, and cleaning products, which include detergents. Geographically, it derives majority of revenue from the United States.
Headquartered in Clayton, MO, FutureFuel Corp. has 500 employees and is currently under the leadership of CEO Paul Anthony Novelly.