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!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team