September 22, 2016 - 10:05 AM EDT
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Ceiba Energy Services Inc. (CDX:CEB:CA) Falters 2.7% in Early Trading on September 21 to Drag on TSX Venture Services Sector

Ceiba Energy Services Inc. (CDX:CEB:CA) came out weak at the opening of trading on September 21, outpacing most other laggards in the services sector of the TSX Venture Exchange with an early decline of 2.7%. After closing the previous session at $0.185, shares of CEB:CA opened this morning at $0.18 and are currently trading at $0.18. So far, about 30,000 shares have changed hands, compared to an average 30-day volume of 27,315 for Ceiba Energy Services Inc.. Shares moved as high as $0.18 and as low as $0.18 in today’s early action. The share depreciation gives the company a market capitalization of $23.49 million based upon 126.95 million shares outstanding. In the past 52 weeks, shares of Ceiba Energy Services Inc. have traded as low as $0.11 and as high as $0.295. Technical traders will take note that at $0.18, shares of CEB:CA are trading below their 50-day moving average (MA) at $0.188 and above their 200-day MA at above $0.174. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move beneath or holding under them is typically regarded as bearish. Who is $Ceiba Egy? Ceiba Energy Services Inc is engaged in the acquisition and development of assets to provide services that include oil emulsion treatment, clean oil terminalling, storage and marketing of crude oil, produced water and waste fluid processing and disposal. The company is led by its CEO Ian Simister from its headquarters at 521-3rd Avenue SW. For more information on Ceiba Egy 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. All data provided by QuoteMedia, with stock data accurate as of 9:30 AM ET. FinancialPress.com is not responsible for inaccuracies in third-party supplied information. 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. About FinancialPress.com FinancialPress.com is a leading publisher of market and investment news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the financial markets and global economies. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications, market exposure and investment. A complete disclaimer can be viewed here.


Source: Financial Press News (September 22, 2016 - 10:05 AM EDT)

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