tiprankstipranks
Trending News
More News >

Okeanis Eco Tankers Prepares for Strategic Capital Opportunities

Story Highlights
Okeanis Eco Tankers Prepares for Strategic Capital Opportunities

Confident Investing Starts Here:

An announcement from Okeanis Eco Tankers Corp. ( (ECO) ) is now available.

Okeanis Eco Tankers Corp. has filed a shelf registration statement with the SEC to facilitate raising up to $500 million in capital for potential acquisitions, strategic initiatives, debt reduction, or other corporate purposes. Additionally, a resale registration statement was filed for the resale of over 18 million common shares held by affiliates. This move positions the company to efficiently access capital markets, potentially impacting its operational flexibility and market competitiveness.

More about Okeanis Eco Tankers Corp.

Okeanis Eco Tankers Corp. is a leading international tanker company that provides seaborne transportation of crude oil and refined products. Incorporated in 2018 under the laws of the Republic of the Marshall Islands, the company is listed on the Oslo Stock Exchange and the New York Stock Exchange. Its fleet comprises modern scrubber-fitted Suezmax and VLCC tankers.

Average Trading Volume: 191,171

Technical Sentiment Signal: Buy

Current Market Cap: $779.6M

Find detailed analytics on ECO stock on TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App