Home / Basic Materials / Midday Update: Profire Energy Inc. (PFIE) Charges Ahead 4.17% on September 22

Midday Update: Profire Energy Inc. (PFIE) Charges Ahead 4.17% on September 22

Profire Energy Inc. (PFIE) has been one of the best performers amongst all NYSE and NASDAQ listed stocks in the basic materials sector during morning trading on September 22. At the lunch break, shares of PFIE have gained 4.17% to $1.25 after closing the day prior at $1.2. In the first two and a half hours of trading, the stock has gone as high as $1.27 and as low as $1.18. Today’s rise has come with about 32,918 shares changing hands, compared to an average 30-day volume of 51,509 for Profire Energy Inc.. The price is currently below the 30-day volume weighted average price of $1.24 for PFIE.

The share appreciation gives the company a market capitalization of $63.99 million based upon 53.33 million shares outstanding. It also means that PFIE has a price-to-book ratio of 1.44:1.

In the past 52 weeks, shares of PFIE have traded as low as $0.65 and as high as $1.43. Technical traders will take note that at $1.25, shares of PFIE are trading above their 200-day MA at $1.02 and above their 50-day MA at $1.21. 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 PFIE?

Profire Energy Inc is an oilfield technology company. The Company provides products that enhance the efficiency, safety, and compliance of the oil and gas industry. The company’s 93 employees are led by CEO Brenton W. Hatch from the corporate headquarters at 321 South 1250 West in Lindon, UT.

For more information on PFIE and other companies trading on the major exchanges, as well as the over the counter markets, or to be considered for contributing content for our distribution network, visit FinancialPress.com today.

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