Morning Mover: Enerplus Corporation (ERF:CA) Loses 1.39% to Drag on TSX Composite Energy Stocks on January 18

Enerplus Corporation (ERF:CA) is a clear laggard in the energy sector of the S&P/TSX Composite Index shortly after the opening bell on January 18. Shares of ERF:CA have fallen 1.39% early in the session to $12.03 after closing the day prior at $12.2. So far, the stock has traded as high as $12.09 and as low as $11.9 in morning action. Today's advance has come with about 91,072 shares changing hands, compared to an average 30-day volume of 1.19 million for Enerplus Corporation. The price is currently below the 30-day volume weighted average price of $11.98 for ERF:CA. The share depreciation gives the energy company a market capitalization of $2.93 billion based upon 240.48 million shares outstanding. It also means that Enerplus Corpora has a price-to-book ratio of 4.68:1 and a price-to-earnings ratio of :1. In the past 52 weeks, shares of ERF:CA have traded as low as $2.68 and as high as $13.55. Technical traders will take note that at $12.03, shares of ERF:CA are trading above their 200-day MA at $8.82 and above their 50-day MA at $11.4. 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 Enerplus Corpora? Enerplus Corp is a crude oil and natural gas exploration and development company. Its oil and natural gas property interests are located in western Canada in the provinces of Alberta, British Columbia and Saskatchewan and in the United States. The company’s 588 employees are led by CEO Ian C. Dundas from the corporate headquarters at 3000, 333 - 7th Avenue S.W.. What is the S&P/TSX Composite Index? Developed and managed by S&P Dow Jones Indices and launched in January 1977, the S&P/TSX Composite is the headline index for the Canadian equity market. Generally, when investors refer to movement in the Canadian markets, they are referring to the S&P/TSX Composite, as it is the broadest index in the S&P/TSX franchise. The index includes more than 230 of the biggest companies traded on the Toronto Stock Exchange, with financials making up the most heavily weighted sector in the index, followed by energy and materials. The Toronto Stock Exchange serves as the distributor of both real-time and historical data for this index. For more information on Enerplus Corpora and other companies trading on the major exchanges, as well as the over the counter markets, 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 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