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Tuesday, June 28, 2022

Why Pyxis Tankers Inc (PXS) stock price is fluctuating

The Pyxis Tankers Inc (PXS) stock price was decreased on Friday, March 15, 2021, by 6.71% but in the after-hours session, it gained 24.18% which is interesting. Still, there is no news in the market to support their share price fluctuation.

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Recent Business Activities

  • The company announced on February 24 2021 that it has closed its previously announced definitive securities purchase agreements with a group of investors, which resulted in gross proceeds to Pyxis Tankers of $25.0 million. The revenue from the sales will be used for the repayment of outstanding indebtedness and potential vessel acquisitions.
  • Pyxis Tankers Inc. (NASDAQ CM: PXS) announced on February 17 that it has once again achieved compliance with the NASDAQ requirements regarding the minimum bid price for continued listing.
  • January 15, 2021, Pyxis Tankers, Inc. (NASDAQ: PXS) announced that its CEO, Mr. Eddie Valentis, will be presenting at the Seventeenth Annual Noble Capital Markets Investor Virtual Conference on Wednesday, January 20th at 1:30 pm EST.

About the company

The PXS was founded in 2001 and headquartered in Greece. It’s an oil tanker company and currently owned five tankers in its fleet. The company mostly deals with the transportation of petroleum products and other bulk liquids. the company is listed on NASDAQ under the trading symbol of PXS

Valentios (“Eddie”) Valentis is the CEO and Chairman of the company with 25 years of experience in the shipping industry. He is also the founder of the company.

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