NEW YORK, NY / ACCESSWIRE / December 5, 2017 / Traders News Source, a leading independent equity research and corporate access firm focused on small and mid-cap public companies is issuing a comprehensive report with no obligation on Pyxis Tankers Inc. (NASDAQ: PXS), a company that operates as a maritime transportation company with a focus on the tanker sector in the United States. Its fleet transports refined petroleum products, such as naphtha, gasoline, jet fuel, kerosene, diesel, and fuel oil, as well as other liquid bulk items, including vegetable oils and organic chemicals.
On Friday, December 1, 2017, PXS shares opened at $1.92 and hit an intra-day high of $9.20. On Monday, December 4, 2017, PXS shares opened at $5.48 and hit an intra-day high of $12.22.
No recent news, fundamentals change, or SEC filings are available. Valentios Velentis, the company chairman, owns 93% of the outstanding shares.
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PXS is engaged in the seaborne transportation of refined petroleum products and other bulk liquids. Their fleet is comprised of six double hull product tankers with a weighted average age of 6.7 years (based on deadweight tonnage as of November 1, 2017) and that are employed under a mix of short - and medium-term time charters and spot charters. Four of the vessels in the fleet are medium-range, or MR, product tankers, three of which have eco-efficient or eco-modified designs, and two of which are short-range tanker sister ships. Each of the vessels in the fleet is capable of transporting refined petroleum products, such as naphtha, gasoline, jet fuel, kerosene, diesel, and fuel oil, as well as other liquid bulk items, such as vegetable oils and organic chemicals.
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