September 16, 2016 - 10:07 AM EDT
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Morning Mover: Gibson Energy Inc. (GEI:CA) Gains 1.08% to Lead TSX Composite Energy Stocks on September 15

Gibson Energy Inc. (GEI:CA) is one of the best performing stocks in the energy sector of the S&P/TSX Composite Index shortly after the opening bell on September 15. Shares of GEI:CA have climbed 1.08% early in the session to $16.77 after closing the day prior at $16.59. So far, the stock has traded as high as $16.88 and as low as $16.74 in morning action. Today's advance has come with about 29,810 shares changing hands, compared to an average 30-day volume of 440,052 for Gibson Energy Inc.. The price is currently below the 30-day volume weighted average price of $16.8 for GEI:CA. The share appreciation gives the energy company a market capitalization of $2.35 billion based upon 141.56 million shares outstanding. It also means that Gibson Energy In has a price-to-book ratio of 1.97:1 and a price-to-earnings ratio of :1. In the past 52 weeks, shares of GEI:CA have traded as low as $11.46 and as high as $20.51. Technical traders will take note that at $16.77, shares of GEI:CA are trading above their 200-day MA at $15.52 and above their 50-day MA at $16.19. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish. Who is Gibson Energy In? Gibson Energy Inc is engaged in the movement, storage, blending, processing and marketing and distribution of crude oil, water, oilfield waste and refined products. It also provides emulsion treating, and water disposal. The company’s 2700 employees are led by CEO A. Stewart Hanlon from the corporate headquarters at 440 Second Avenue SouthWest. 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 Gibson Energy In 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 today. All data provided by QuoteMedia, with stock data accurate as of 9:30 AM ET. is not responsible for inaccuracies in third-party supplied information. About 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 16, 2016 - 10:07 AM EDT)

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