Performance Shipping stock moves as tanker rates and shelf risk come into focus
Performance Shipping Inc. shares ticked up on the Nasdaq Wednesday, defying a U.S. market dip. The Greek tanker owner stayed in focus for investors after its latest earnings, recent charters and the cash it can still raise. The stock gained about 1.2% to $1.73 near midday in New York, moving in a range of $1.68 to $1.73. Volume came in at 58,905 shares. The company’s market cap sat around $21.3 million, which puts PSHG in micro-cap territory. That’s the term investors use for firms with market values this size.