Monday May 25, 2020

Ardmore Shipping sees share price sink amid global oil glut

The company’s share price, which was $13 a year ago, fell to $5.10 last week

Barry J Whyte

Chief Feature Writer

6th November, 2016
Anthony Gurnee, founder and chief executive officer of Ardmore Shipping Corp

Shares in Ardmore Shipping, the Irish company listed in New York, dropped last week after the company announced that revenue for the quarter ending September 30 had fallen by $9.2 million to $38 million.

The company’s share price, which this time last year was trading at around $13, fell to $5.10 on the day of the results.

Its chief executive Anthony Gurnee told The Sunday Business Post that the difficulties would continue for at least nine months.

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures

Tom Maguire | 3 weeks ago

What’s coming up today and what you might have missed

Hannah O’Brien | 5 months ago