SUGAR LAND, Texas, July 30, 2013 /PRNewswire/ -- Arabian American Development Co. (NYSE: ARSD) announced today that Nicholas Carter, CEO of Arabian American Development, will be presenting at the Jefferies 2013 Global Industrials Conference on Wednesday, August 14th at 4:30 p.m. ET in New York City. The company's presentation will be webcast live and available for replay for 90 days at the following link: http://wsw.com/webcast/jeff78/ARSD. 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 firstname.lastname@example.orgInvestor Relations Contact:Kim Rogers-Carrete, PrincipalGenesis Select(303) 415-0200 email@example.comGenesis Select Corp.3800 Arapahoe Ave. Boulder, CO Or Matthew Selinger, PrincipalGenesis Select(303) 415-0200 firstname.lastname@example.orgGenesis 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.