Morning Mover: Enerflex Ltd. (EFX:CA) Gains 1.01% to Lead TSX Composite Energy Stocks on August 18

Enerflex Ltd. (EFX:CA) is one of the best performing stocks in the energy sector of the S&P/TSX Composite Index shortly after the opening bell on August 18. Shares of EFX:CA have climbed 1.01% early in the session to $13.04 after closing the day prior at $12.91. So far, the stock has traded as high as $13.06 and as low as $12.94 in morning action. Today's advance has come with about 36,894 shares changing hands, compared to an average 30-day volume of 175,397 for Enerflex Ltd.. The price is currently below the 30-day volume weighted average price of $13.01 for EFX:CA.

The share appreciation gives the energy company a market capitalization of $1.02 billion based upon 79.2 million shares outstanding. It also means that Enerflex Ltd. has a price-to-book ratio of 1.02:1 and a price-to-earnings ratio of :1.

In the past 52 weeks, shares of EFX:CA have traded as low as $8.59 and as high as $14.62. Technical traders will take note that at $13.04, shares of EFX:CA are trading above their 200-day MA at $11.47 and above their 50-day MA at $11.14. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.

Who is Enerflex Ltd.?

Enerflex Ltd is a supplier of natural gas compression, oil and gas processing, refrigeration systems and electric power equipment - plus in-house engineering and mechanical services expertise. The company’s 2300 employees are led by CEO J. Goertzen from the corporate headquarters at Suite 904.

What is the S&P/TSX Composite Index?

Developed and managed by S&P Dow Jones Indices and launched in January 1977, the S&P/TSX Composite is the headline index for the Canadian equity market. Generally, when investors refer to movement in the Canadian markets, they are referring to the S&P/TSX Composite, as it is the broadest index in the S&P/TSX franchise. The index includes more than 230 of the biggest companies traded on the Toronto Stock Exchange, with financials making up the most heavily weighted sector in the index, followed by energy and materials. The Toronto Stock Exchange serves as the distributor of both real-time and historical data for this index.

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