NewLead Holdings Ltd (NASDAQ:NEWL) Reports Volume Movement


Dallas, Texas 04/23/2014 (FINANCIALSTRENDS) –  NewLead Holdings Ltd (NASDAQ:NEWL) which is engaged in deep sea freight services, transports refined products, of the likes of gasoline as well as jet fuel. In recent weeks the stock has reportedsignificant downward movement. This was however, associated with large volume movement, a sign of likely rise in the near future.

It currently offers two ranges of services- Wet Operations and Dry Operations. NEWL is a Greece-based operator with has a well-equipped range of freight haulage fleet. Typically efficiency of freights is arrived at by the overall volume the freight makes. With NewLead Holdings Ltd, clients are able to achieve cost-effectives because of the range of double-hulled product tankers as well as bulk carriers, currently three in number. In recent times, NewLead Holdings has been reworking on its fleet and achieving higher efficiency by selling four LR1 product tankers as well one Panamax dry bulk vessel.

NewLead Holdings Ltd (NASDAQ:NEWL) operations are now focused on both line of operations, where the tankers transport various refined petroleum products which are simultaneously moved in coated cargo tanks. For dry operations, the company is also engaged in delivering services which are related to transportation as well as handling of bulk cargoes which the company owns. Besides, operating as well as trading of vessels, the company is also engaged in operating double-hulled product tankers, besides a range of drybulk carrier as well.

NewLead Holdings Ltd (NASDAQ:NEWL) has a market capital of $1.99 million. On the stock market the share opened $0.26 at the start of the trading session. The shares trade on the stock market at prices ranging between $0.21 and $0.26, across the day. For the 52 week average, the shares are trading between $0.20 and $197.55 per share. EPS for the share is -1.120.69. Outstanding shares are 8.64 million. Beta is 2.53.