Algoma Central Corp T.ALC

Alternate Symbol(s): AGMJF

Industrials

Algoma Central Corporation is a Canada-based marine shipping company. The Company owns and operates a fleet of dry and liquid bulk carriers’, serving markets throughout the Great Lakes St. Lawrence Seaway and internationally. Its Domestic Dry-Bulk segment includes the Company’s 18 Canadian dry-bulk carriers. This segment serves industrial sectors, including iron and steel producers, aggregate producers, cement and building material producers, salt producers and agricultural product distributors. The Product Tankers segment fleet consist of seven product tankers employed in Canadian flag service and one international tanker operating in Canada. Its Ocean Self-Unloaders segment consists of eight ocean-going self-unloading vessels and a 25% interest in a ninth selfunloader. Its Global Short Sea Shipping segment, which consists of the Company's NovaAlgoma joint ventures, focuses on niche marine transportation markets featuring specialized equipment or services.

TSX:ALC - Post by User

Algoma Central Corp > Up 5% this morning

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Comment by Investorguy1234on Oct 17, 2024 11:14am

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Post# 36269977

RE:RE:RE:Up 5% this morning

i think that it is just such a small trading volume that if someone was buying a posititon they have to pay up to get the shares ( i didn't see yesterday;s volume). Today's trading is 5500 shares and the price is off almost 1%, on a $ 600 million market cap ! I don't get it. Why there is not more attention to this stock, trading at 8 or 9 times P/E. A cash machine.

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