Frontline Ltd. (FRO) Soars 5.42% on April 01

Frontline Ltd. (FRO) Soars 5.42% on April 01

Frontline Ltd. (FRO) had a good day on the market for Monday April 01 as shares jumped 5.42% to close at $6.81. About 428,576 shares traded hands on 2,799 trades for the day, compared with an average daily volume of n/a shares out of a total float of 169.82 million. After opening the trading day at $6.64, shares of Frontline Ltd. stayed within a range of $6.82 to $6.61.

With today’s gains, Frontline Ltd. now has a market cap of $1.16 billion. Shares of Frontline Ltd. have been trading within a range of $8.33 and $4.24 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.

Frontline Ltd is a shipping company engaged in the seaborne transportation of crude oil and oil products. Group operates through the tankers segment. The tankers segment includes crude oil tankers and product tankers. Its geographical area of operation includes Arabian Gulf, West African, North Sea and Caribbean. Frontline earns revenue through voyage charters, time charters, and a finance lease. It is also involved in the charter, purchase, and sale of vessels.

Frontline Ltd. is based out of Hamilton, and has some 128 employees. Its CEO is John Fredriksen.

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