COMPANHIA ENERG/S (NYSE:CIG.C) Stock Price Up 1.6% – Should You Buy?

COMPANHIA ENERG/S (NYSE:CIG.CGet Free Report) shares shot up 1.6% during mid-day trading on Monday . The company traded as high as $2.49 and last traded at $2.49. 2,152 shares were traded 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 company’s 50 day moving average is $2.52 and its two-hundred day moving average is $2.48.

About COMPANHIA ENERG/S

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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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