SUGAR LAND, Texas, July 9, 2013 /PRNewswire/ -- Arabian American Development Co. (NYSE: ARSD) announced today that Nicholas Carter, CEO of Arabian American Development, will be presenting at the AFund Triple Gold Summer Conference on Tuesday, July 16th at the Princeton Club, 15 West 43rd Street, New York City. For more information please email firstname.lastname@example.org or visit the website http://www.afund.com . About Arabian American Development Company (ARSD) ARSD owns and operates a petrochemical facility located in southeast Texas which specializes in high purity petrochemical solvents and other solvent type manufacturing. The Company is also the original developer and a 35% 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.comInvestor Relations Contact:Kim Rogers-Carrete, PrincipalGenesis Select(303) 415-0200 firstname.lastname@example.orgGenesis Select Corp.3800 Arapahoe Ave. Boulder, CO Or Matthew Selinger, PrincipalGenesis Select(303) 415-0200 email@example.comGenesis Select Corp.3800 Arapahoe Ave. Boulder, CO 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.