Delixy Holdings Shares Soar 158% After-Hours to $2.12 on Hormuz Supply Fears
Delixy Holdings shares climbed 158.03% in after-hours trading to $2.12 following a 17.47% intraday drop. The surge reflects investor expectations that Iran’s potential shutdown of the Strait of Hormuz, which transports 20 million barrels daily, would tighten global oil supply.
1. After-Hours Surge Details
Delixy Holdings shares jumped 158.03% in after-hours trading to $2.12 after closing the regular session at $0.82, following a 17.47% decline earlier in the day as investors responded to new supply concerns.
2. Strait of Hormuz Impact
Joint strikes on Iran prompted Tehran to consider shutting the Strait of Hormuz, a maritime chokepoint carrying roughly 20 million barrels of crude and refined fuels daily, stoking fears of tighter global oil availability.
3. Company Profile and Trading Metrics
Delixy, based in Singapore, specializes in wholesale trading of crude oil and oil-based products and has a market capitalization of $13.65 million; its 52-week range spans $0.61–$7.16, it is down 83.4% year-to-date, and its RSI stands at 43.25.