Equatorial Energia (OTCMKTS:EQUEY) Stock Price Up 3.7% – Time to Buy?

Shares of Equatorial Energia S.A. (OTCMKTS:EQUEYGet Free Report) traded up 3.7% on Tuesday . The stock traded as high as $8.2150 and last traded at $8.2150. 120 shares changed hands during mid-day trading, a decline of 64% from the average session volume of 337 shares. The stock had previously closed at $7.92.

Equatorial Energia Trading Up 3.7%

The company has a 50 day moving average price of $7.35 and a 200 day moving average price of $7.02.

About Equatorial Energia

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Equatorial Energia SA, trading on the OTC market under the symbol EQUEY, is a Brazilian energy holding company headquartered in São Luís, Maranhão. Founded in 1998, the company has grown through strategic acquisitions and concession awards to become one of the leading electricity distributors in northern Brazil. Its core business encompasses the distribution of electric power, which represents the bulk of its operations.

Equatorial’s distribution network serves over eight million customers across eight Brazilian states, including Maranhão, Pará, Piauí and Amazonas.

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