Ardmore shipping share price sinks

Shipping company offered 7.5 million shares at $8.90 per share

19th June, 2016
Ardmore Shipping's share price has dipped

Ardmore Shipping, the Irish shipping company listed in New York, has seen its share price dip by about 15 per cent since it used a share offering to partially finance an expansion of its fleet.

Shares in Ardmore were trading at around $9.80 earlier in June, but have since slid to below $8.20 on the back of the company’s latest move.

Filings to the US Securities and Exchange Commission earlier this month revealed that Ardmore Shipping...

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