Imperial Oil Limited (IMO:CA) is one of the better performing stocks in energy sector of the S&P/TSX Composite Index on September 22, rising 2.22% to $40.1 at the lunch break after closing the day prior at $39.23. So far in the day, shares of IMO:CA traded as high as $40.17 and as low as $39.57. Today’s advance comes with about 870,520 shares changing hands, compared to an average 30-day volume of 515,395 for Imperial Oil Limited. The price is currently below the 30-day volume weighted average price of $39.91 for IMO:CA.
The share appreciation gives the company a market capitalization of $33.25 billion based upon 847.6 million shares outstanding. It also means that Imperial Oil Ltd has a price-to-book ratio of 1.44:1 and a price-to-earnings ratio of 112.1:1.
In the past 52 weeks, shares of IMO:CA have traded as low as $37.25 and as high as $46.27. Technical traders will take note that at $40.1, shares of IMO:CA are trading below their 200-day MA at $41.22 and below their 50-day MA at $40.35. 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 Imperial Oil Ltd?
Imperial Oil Ltd is engaged in the exploration for, and production and sale of, crude oil and natural gas. The Company's operations are conducted in three main segments namely Upstream, Downstream and Chemical. The company’s 5700 employees are led by CEO Richard M. Kruger from the corporate headquarters at 505 Quarry Park Boulevard S.E.
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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