Shares of Enagas SA (OTCMKTS:ENGGF – Get Free Report) dropped 4.6% on Friday . The company traded as low as $19.55 and last traded at $19.55. Approximately 1,100 shares changed hands during trading, an increase of 13% from the average daily volume of 973 shares. The stock had previously closed at $20.50.
Enagas Stock Performance
The firm’s 50 day simple moving average is $20.69 and its 200-day simple moving average is $18.44.
Enagas Company Profile
Enagás is a Spanish energy company that specializes in the transportation and regasification of natural gas. As the independent technical manager of Spain’s gas system, the company oversees the planning, development and operation of the country’s high-pressure transmission network. Enagás’s core activities include the construction, maintenance and management of pipelines and storage facilities designed to ensure the reliable supply of natural gas to industrial, power generation and distribution customers across the Iberian Peninsula.
The company operates six liquefied natural gas (LNG) regasification plants strategically located on Spain’s Atlantic and Mediterranean coasts.
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