December 30, 2016 - 2:33 PM EST
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Changfeng Energy Inc. (CDX:CFY:CA) Bolsters TSX Venture Utility Stocks, Rising 1.3% at Midday on December 30
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Changfeng Energy Inc. (CDX:CFY:CA) is amongst the strongest stocks in the utilities sector of the TSX Venture Exchange through noon on December 30, with a climb of 1.3%. After closing the previous session at $0.385, shares of CFY:CA opened this morning at $0.39 and are currently trading at $0.39. At the lunch break, about 71,000 shares have changed hands, compared to an average 30-day volume of 42,238 for Changfeng Energy Inc.. Shares moved as high as $0.39 and as low as $0.39 in today’s morning action.

The share appreciation gives the company a market capitalization of $23.62 million based upon 62.04 million shares outstanding.

In the past 52 weeks, shares of Changfeng Energy Inc. have traded as low as $0.22 and as high as $0.4. Technical traders will take note that at $0.39, shares of CFY:CA are trading above their 50-day moving average (MA) at $0.321 and above their 200-day MA at above $0.302. 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 $Changfeng Eg?

Changfeng Energy Inc is a natural gas distribution company. The Company through its subsidiaries is engaged in the distribution of natural gas for commercial, industrial and residential users in the People's Republic of China. The company is led by its CEO Huajun Lin from its headquarters at 650 Highway 7 East.


For more information on Changfeng Eg 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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Source: Financial Press News (December 30, 2016 - 2:33 PM EST)

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