Ceiba Energy Services Inc. (CDX:CEB:CA) Notches 13.33% Gain in Early Trading on November 18 to Lead TSX Venture Services Sector
Ceiba Energy Services Inc. (CDX:CEB:CA) came out strong at the opening of trading on November 18, outpacing most other service sector peers listed on the TSX Venture Exchange with an early advance of 13.33%. After closing the previous session at $0.15, shares of CEB:CA opened this morning at $0.17 and are currently trading at $0.17. So far, about 1,000 shares have changed hands, compared to an average 30-day volume of 51,069 for Ceiba Energy Services Inc.. Shares moved as high as $0.17 and as low as $0.17 in today’s early action.
The share appreciation gives the company a market capitalization of $19.04 million based upon 126.95 million shares outstanding.
In the past 52 weeks, shares of Ceiba Energy Services Inc. have traded as low as $0.11 and as high as $0.22. Technical traders will take note that at $0.17, shares of CEB:CA are trading below their 50-day moving average (MA) at $0.173 and below their 200-day MA at below $0.176. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move above them or holding over them is typically regarded as bullish.
Who is $Ceiba Egy?
Ceiba Energy Services Inc is engaged in the acquisition and development of assets to provide services that include oil emulsion treatment, clean oil terminalling, storage and marketing of crude oil, produced water and waste fluid processing and disposal. The company is led by its CEO Ian Simister from its headquarters at 521-3rd Avenue SW.
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About the TSX Venture Exchange
Owned and operated by the TMX Group, the TSX Venture Exchange is a public venture capital marketplace for emerging companies. It is headquartered in Calgary, Alberta, Canada with offices in Toronto, Vancouver and Montreal. All trading on the exchange is done electronically. Originally established in 1999, the “Venture,” as it is often shortened, was previously known as the Canadian Venture Exchange, but renamed in 2001 subsequent to the TSX Group (now known as the TMX Group) purchasing it.
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Source: Financial Press News
(November 18, 2016 - 6:19 PM EST)
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