Were There Any Significant Reasons Why The Pangaea (PANL) Stock Increased In Early Session?

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Shares of the global provider of comprehensive maritime logistics solutions, Pangaea Logistics Solutions Ltd. (PANL) are rising on the charts today, up 7.97% to trade at $5.49 at last check. Pangaea (PANL) closed the last trading day at $5.08. The volume of shares traded was 0.31 million, which is higher than the average volume over the last three months of 174.04K. During the trading session, the stock oscillated between $4.80 and $5.10.

The company had an earnings per share ratio of 1.33. PANL’s stock has gained 12.39% of its value in the previous five sessions and moved 35.11% over the past month, but has gained 34.39% on a year-to-date basis. The stock’s 50-day moving average of $4.07 is above the 200-day moving average of $4.46. Moreover, the stock is currently trading at an RSI of 82.26. PANL stock is rising after nominating a new member of its management team.

Whom Pangaea Logistics Solutions Ltd. has delegated?

Pangaea (PANL) gives strategies administrations to an expansive base of modern clients who require the transportation of a wide assortment of dry mass cargoes, including grains, pig iron, hot briquetted iron, bauxite, alumina, concrete clinker, dolomite, and limestone. PANL tends to the transportation needs of its clients with a thorough arrangement of administrations and exercises, including freight stacking, freight release, vessel contracting, and journey arranging.

Pangaea (PANL) declared today that Mads Boye Petersen has been named its Chief Operating Officer, successful on April 1, 2022.

  • Petersen replaces Mark Filanowski, who was elevated to Chief Executive Officer of Pangaea in December 2021.
  • As Chief Operating Officer, Mr. Petersen will have wide liabilities, including bunch system and execution, as well as capital market and ESG drives.
  • He will, until additional notification, keep on doing his obligations as Managing Director for the gathering’s Danish and Singapore auxiliaries.
  • Mr Petersen holds an Executive M.B.A. degree from Copenhagen Business School and plays worked in different parts in the dry mass area starting around 2003.

Petersen’s interaction with PANL:

Mr. Petersen has worked for Pangaea (PANL) beginning around 2009 when Nordic Bulk Carriers in Copenhagen were framed along with Pangaea. He has since held different jobs at Nordic Bulk Carriers, including activities and general administration. He has been answerable for extending PANL’s ice-class delivering business, creating freight agreements, and collecting and working the biggest armada of high ice class dry mass vessels on the planet, making Pangaea the market chief in this mass delivery portion.

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