Shares of Russel Metals Inc. (OTCMKTS:RUSMF – Get Free Report) shot up 4.8% on Wednesday . The company traded as high as $28.18 and last traded at $28.18. 17,139 shares changed hands during mid-day trading, an increase of 13% from the average session volume of 15,108 shares. The stock had previously closed at $26.88.
Russel Metals Stock Performance
The stock’s 50 day moving average price is $28.49 and its 200-day moving average price is $29.32.
About Russel Metals
Russel Metals Inc operates as a metal distribution and processing company in Canada and the United States. It operates in three segments: Metals Service Centers, Energy Field Stores, and Steel Distribution. The Metal Service Centers segment operates a network of metals service centers, which provide metal products in range of sizes, shapes, and specifications, including carbon hot rolled and cold finished steel, pipe and tubular, stainless steel, aluminum, and other non-ferrous specialty metal products.
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