COMPANHIA ENERG/S (NYSE:CIG.C) Shares Up 1.6% – Still a Buy?

COMPANHIA ENERG/S (NYSE:CIG.CGet Free Report) shot up 1.6% during mid-day trading on Monday . The stock traded as high as $2.49 and last traded at $2.49. 2,152 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 11,873 shares. The stock had previously closed at $2.45.

COMPANHIA ENERG/S Price Performance

The stock has a fifty day simple moving average of $2.52 and a two-hundred day simple moving average of $2.48.

About COMPANHIA ENERG/S

(Get Free Report)

Companhia Energética de Minas Gerais, through its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in Brazil. As of December 31, 2017, the company operated 117 hydroelectric, thermoelectric, and wind plants with an installed capacity of 5.7 GW; 38 substations and 4,927 km of transmission lines; and 529,873 km of distribution networks and 17,301 km of distribution lines.

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