Russia's only listed port company has dismissed its share volatility as insignificant, saying it remains one of the few stable revenue survivors of the shipping and currency storms blowing havoc across the Black Sea.rnNovorossiysk Commercial Sea Port's stock retreated 10% in trading on 2 March, having lost 40% since 1 January. At current share price ($0.06), market capitalisation is $1.2Bn. It peaked in June 2008 at $0.22 and market capitalisation of $4.3Bn.The controlling shareholder and board chairman is Alexander Ponomarenko; the Russian government holds a 20% stake; and since a London initial public offering in 2007, the free share float is between 20% and 30%.
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