TRMD - Pyxis Tankers - Waiting For The Next Momentum Rally

• Small Greece-based product tanker operator still suffering from ongoing weak market conditions.
• After years of missing out on occasional momentum rallies, management finally seized the opportunity in February and raised new capital at an almost 200% premium to net asset value.
• After the highly accretive equity raise and subsequent selloff, shares are now trading at an approximately 15% discount to estimated net asset value.
• Investors looking for exposure to the product tanker market should consider buying into some of the company's much-larger and often better capitalized peers like Ardmore Shipping, Scorpio Tankers, International Seaways, and Torm PLC.
• Experienced traders should add Pyxis Tankers to their watchlist or even consider scaling into the shares on further weakness in preparation for the next momentum stampede.

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