NEW YORK (TheStreet) -- Shares of Yandex were gaining 13.4% to $20.31 on heavy trading volume Wednesday as the ruble strengthened against the dollar. The Russian ruble rebounded 20% against the U.S. dollar in April, according to Bloomberg. The Russian currency strengthened as a result of rising oil prices and Russia's truce in Ukraine, according to the news service. The ruble fell below 50:1 against the dollar Wednesday afternoon after reaching a 79:1 exchange rate in December. Yandex is an Internet company based in Moscow that offers search, email, maps, and video services to its users. About 8.8 million shares of the Russian search company were traded by 3:43 p.m. Wednesday, above the company's average trading volume of about 3.6 million shares a day. YNDX data by YCharts Must Read: Warren Buffett's Top 25 Stocks for 2015
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