Changfeng Energy Inc. (CDX:CFY:CA) Struggles in Morning Action, Shares Down 2.78% at Lunch on January 18

Through noon on January 18, shares of Changfeng Energy Inc. (CDX:CFY:CA) are off by 2.78%, making it a leading laggard amongst utilities companies listed on the TSX Venture Exchange. After closing the previous session at $0.36, shares of CFY:CA opened this morning at $0.35 and are currently trading at $0.35. At the lunch break, about 16,580 shares have changed hands, compared to an average 30-day volume of 78,299 for Changfeng Energy Inc.. Shares moved as high as $0.38 and as low as $0.35 in today’s morning action. The share depreciation gives the company a market capitalization of $22.33 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 $0.35, shares of CFY:CA are trading above their 50-day moving average (MA) at $0.339 and above their 200-day MA at above $0.308. 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 $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. All data provided by QuoteMedia, with stock data accurate as of 12:00 PM 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. If you like this article, you can read more at FinancialPress.com