September 22, 2016 - 4:50 PM EDT
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Profire Energy Inc. (PFIE) Climbs 5.83% Gain on September 22 to Lead Basic Materials Sector


Profire Energy Inc. (PFIE) was one of the best performers amongst all companies listed in the basic materials sector on the NYSE and NASDAQ exchanges during trading on September 22, climbing 5.83% to wrap the day at $1.27 after closing the day prior at $1.2. Throughout the trading session, shares of PFIE rose as high as $1.28 and dipped as low as $1.18. Today’s advance came with about 57,042 shares changing hands, compared to an average 30-day volume of 51,509 for Profire Energy Inc.. The price is currently below the 30-day volume weighted average price of $1.25 for PFIE.

The share appreciation today gives the company a market capitalization of $63.99 million based upon 53.33 million shares outstanding. It also means that PFIE has a price-to-book ratio of 1.44:1.

In the past 52 weeks, shares of PFIE have traded as low as $0.65 and as high as $1.43. Technical traders will take note that at $1.27, shares of PFIE are trading above their 200-day MA at $1.02 and above their 50-day MA at $1.21. 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 PFIE?

Profire Energy Inc is an oilfield technology company. The Company provides products that enhance the efficiency, safety, and compliance of the oil and gas industry. The company’s 93 employees are led by CEO Brenton W. Hatch from the corporate headquarters at 321 South 1250 West in Lindon, UT.

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Source: Financial Press News (September 22, 2016 - 4:50 PM EDT)

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