TOR Minerals International Inc (TORM) was one of the best performers amongst all companies listed in the basic materials sector on the NYSE and NASDAQ exchanges during trading on September 22, climbing 10.11% to wrap the day at $5.98 after closing the day prior at $5.43. Throughout the trading session, shares of TORM rose as high as $5.98 and dipped as low as $5.45. Today’s advance came with about 2,753 shares changing hands, compared to an average 30-day volume of 2,902 for TOR Minerals International Inc. The price is currently below the 30-day volume weighted average price of $5.58 for TORM.
The share appreciation today gives the company a market capitalization of $19.23 million based upon 3.54 million shares outstanding. It also means that TORM has a price-to-book ratio of 0.66:1.
In the past 52 weeks, shares of TORM have traded as low as $3.15 and as high as $6.15. Technical traders will take note that at $5.98, shares of TORM are trading above their 200-day MA at $4.54 and above their 50-day MA at $5.42. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is TORM?
TOR Minerals International Inc produces specialty mineral products. Its products include flame retardant & smoke suppressant fillers, engineered fillers, & TiO2-color hybrid pigments, for use in plastics, coatings, paints & catalysts applications. The company’s 103 employees are led by CEO Olaf Karasch from the corporate headquarters at 722 Burleson Street in Corpus Christi, TX.
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