Summer Energy Holdings, Inc. (OTCMKTS:SUME – Get Free Report) shares passed below its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $0.05 and traded as low as $0.0330. Summer Energy shares last traded at $0.04, with a volume of 32,287 shares changing hands.
Summer Energy Stock Down 2.9%
The stock’s fifty day simple moving average is $0.05 and its 200-day simple moving average is $0.08.
Summer Energy Company Profile
Summer Energy, Inc is an independent retail electricity provider that sells electricity to residential and commercial customers in deregulated energy markets. The company purchases power through wholesale market arrangements and provides retail electricity plans and related customer services.
Summer Energy’s operations have been primarily associated with the Texas electricity market, where customers can choose among competing retail electric providers. Its business includes customer account management, billing, enrollment and other services supporting the delivery of electricity through regulated transmission and distribution systems.
The company is publicly traded on the OTC Markets under the symbol SUME.
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