Home / Market Movers / CWC Energy Services Corp (CDX:CWC:CA) Surges 2.33% in Early Trading on April 21 to Lead TSX Venture Basic Materials Stocks

CWC Energy Services Corp (CDX:CWC:CA) Surges 2.33% in Early Trading on April 21 to Lead TSX Venture Basic Materials Stocks

CWC Energy Services Corp (CDX:CWC:CA) came out strong at the opening of trading on April 21, outpacing most other basic material sector peers listed on the TSX Venture Exchange with an early advance of 2.33%. After closing the previous session at $0.215, shares of CWC:CA opened this morning at $0.22 and are currently trading at $0.22. So far, about 1,000 shares have changed hands, compared to an average 30-day volume of 59,736 for CWC Energy Services Corp. Shares moved as high as $0.22 and as low as $0.22 in today’s early action.

The share appreciation gives the company a market capitalization of $84.48 million based upon 392.95 million shares outstanding.

In the past 52 weeks, shares of CWC Energy Services Corp have traded as low as $0.14 and as high as $0.28. Technical traders will take note that at $0.22, shares of CWC:CA are trading below their 50-day moving average (MA) at $0.226 and above their 200-day MA at above $0.2. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move above them or holding over them is typically regarded as bullish.

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 205 – 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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