SUGAR LAND, Texas, July 27, 2012 /PRNewswire/ -- Arabian American Development Co. (NYSE: ARSD) announced today that a conference call will be held on August 2, 2012, to discuss 2012 second quarter and year-to-date financial results. A webcast accompanied by presentation slides may be viewed at: http://public.viavid.com/index.php?id=101291. The conference call and live webcast will take place at 4:30 p.m. Eastern Time, Thursday, August 2, 2012. Anyone interested in participating should call 1-877-941-8416 if calling within the United States or 1-480-629-9808 if calling internationally. Playback will be available until August 9, 2012. To listen to the playback, please call 1-877-870-5176 if calling within the United States or 1-858-384-5517 if calling internationally. Use pin number 4557215 for the replay. A link to a simultaneous webcast of the teleconference will be available at www.arabianamericandev.com through Windows Media Player or RealPlayer. A replay of the call will also be available through the same link. The webcast replay will be available for one month after the call. About Arabian American Development Company (ARSD) ARSD owns and operates a petrochemical facility located in southeast Texas just north of Beaumont which specializes in high purity petrochemical solvents and other solvent type manufacturing. The Company is also the original developer and 37% owner of Al Masane Al Kobra Mining Co., a Saudi Arabian joint stock company. Company Contact: Nick Carter, President and Chief Executive Officer(409) 385-8300 email@example.com Investor Contact: Cameron DonahueHayden IR(651) 653-1854 Cameron@haydenir.com SOURCE Arabian American Development Co.
Shares of Arabian American Development Company (Nasdaq:ARSD) have taken a tremendous swing upward. The stock is trading at $8.43 as of 9:33 a.m. ET, 22.3% above Friday's closing price of $6.89. Volume is at 36,105, 1.5 times the daily average of 23,900.