Frontline (FRO) was among the biggest gainers on the Russell 2000 for September 5 as the stock popped 5.16% to $1.63, representing a gain of $0.08 per share. Some 2,170,694 shares traded hands on 4,629 trades, compared with an average daily volume of 1,033,275 shares out of a total float of 98,206,287. The stock opened at $1.58 and traded with an intraday range of $1.53 to $1.69.
After today's gains, Frontline reached a market cap of $160,076,248. Frontline has had a trading range between $5.18 and $1.51 over the last year, and it had a 50-day SMA of $2.50 and a 200-day SMA of $3.28.
Frontline Ltd is a shipping company that engaged in the ownership and operation of oil tankers and oil/bulk/ore, or OBO, carriers, which are configured to carry dry cargo. It operates oil tankers of two sizes: VLCCs and Suezmaxes.
Frontline is based out of Hamilton and has some 96 employees. It's CEO is Jens Martin Jensen / John Fredriksen.
For a full analysis of Frontline, check out Equities.com's E.V.A. report.
The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.
Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.