FRO - Frontline Ltd.: 52-Week High Recently Eclipsed (FRO)
Frontline Ltd. (NYSE:FRO) traded at a new 52-week high today of $11.61. Approximately 842,000 shares have changed hands today, as compared to an average 30-day volume of 2.8 million shares.
Frontline Ltd. share prices have moved between a 52-week high of $11.61 and a 52-week low of $6.10 and are now trading 89% above that low price at $11.53 per share.
Frontline Ltd is a shipping company engaged in the seaborne transportation of crude oil and oil products. Group operates through the tankers segment. The tankers segment includes crude oil tankers and product tankers. Its geographical area of operation includes Arabian Gulf, West African, the North Sea, and the Caribbean. Frontline earns revenue through voyage charters, time charters, and a finance lease. It is also involved in the charter, purchase, and sale of vessels.
Frontline Ltd. (NYSE:FRO) is currently priced 5.2% above its average consensus analyst price target of $10.93.
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