TMD Energy (TMDE) stock surged on Friday as an attack on Iran by Israel caused volatility in energy stocks. This attack targeted Iran’s nuclear program and has resulted in chaos across the stock market today.
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With this attack, many energy stocks have rallied, especially those related to the oil industry. TMD Energy fits that bill, as it offers marine fuel bunkering services focused on the supply and marketing of marine gas oil and marine fuel oil.
TMDE stock rallied 84.57% in pre-market trading following a 3.4% drop yesterday. That came alongside heavy trading, as more than 35 million shares changed hands. For comparison, the stock’s three-month daily average trading volume is a fraction of that, at 270,000 shares.
