Home / Basic Materials / Century Aluminum Company (CENX) Boosts Basic Materials Sector with Early Advance of 4.65% on September 22

Century Aluminum Company (CENX) Boosts Basic Materials Sector with Early Advance of 4.65% on September 22

Century Aluminum Company (CENX” target=”_new”>CENX) is one of the best performing stocks in the basic materials sector for companies listed on the New York Stock Exchange or NASDAQ exchange shortly after the opening bell on September 22. Shares of CENX” target=”_new”>CENX have climbed 4.65% about 30 minutes into the session to $6.52 after closing the day prior at $6.23. It’s early, but the stock has traded as high as $6.55 and as low as $6.31 so far. Today’s quick advance has come with about 173,745 shares changing hands, compared to an average 30-day volume of 1.72 million for Century Aluminum Company. The price is currently below the 30-day volume weighted average price of $6.42 for CENX” target=”_new”>CENX.

The share appreciation gives the company a market capitalization of $542.48 million based upon 87.08 million shares outstanding. It also means that CENX has a price-to-book ratio of 0.55:1 and a price-to-earnings ratio of :1.

In the past 52 weeks, shares of CENX” target=”_new”>CENX have traded as low as $2.63 and as high as $9.4. Technical traders will take note that at $6.52, shares of CENX” target=”_new”>CENX are trading above their 200-day MA at $6.25 and below their 50-day MA at $6.84. 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 CENX?

Century Aluminum Co produces primary aluminum. The Company's primary aluminumis an internationally traded commodity. Its primary aluminum facilities produces value-added and standard-grade primary aluminum products. The company’s 1778 employees are led by CEO Michael A. Bless from the corporate headquarters at One South Wacker Drive.

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