Home / Market Movers / Midday Alert: CWC Energy Services Corp. (CDX:CWC:CA) Pressures TSX Venture Basic Materials Stocks with 2.86% Decline in Morning Trading on September 22

Midday Alert: CWC Energy Services Corp. (CDX:CWC:CA) Pressures TSX Venture Basic Materials Stocks with 2.86% Decline in Morning Trading on September 22

CWC Energy Services Corp. (CDX:CWC:CA) is amongst the weakest basic materials stocks listed on the TSX Venture Exchange through noon on September 22, with a fall of 2.86%. After closing the previous session at $0.175, shares of CWC:CA opened this morning at $0.17 and are currently trading at $0.17. At the lunch break, about 97,000 shares have changed hands, compared to an average 30-day volume of 67,595 for CWC Energy Services Corp.. Shares moved as high as $0.18 and as low as $0.17 in today’s morning action.

The share depreciation gives the company a market capitalization of $68.31 million based upon 390.32 million shares outstanding.

In the past 52 weeks, shares of CWC Energy Services Corp. have traded as low as $0.085 and as high as $0.245. Technical traders will take note that at $0.17, shares of CWC:CA are trading below their 50-day moving average (MA) at $0.192 and above their 200-day MA at above $0.157. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move beneath or holding under them is typically regarded as bearish.

Who is $CWC Egy Svcs?

CWC Energy Services Corp is an oilfield services company providing drilling and production services to oil and gas exploration and development companies throughout the Western Canadian Sedimentary Basin. The company is led by its CEO Duncan T. Au from its headquarters at 255 – 5th Avenue SW.

For more information on CWC Egy Svcs and other companies trading on the TSX Venture Exchange, as well as other Canadian and American stock exchanges, or to be considered for contributing content for our distribution network, visit FinancialPress.com today.

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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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