Equatorial Energia (OTCMKTS:EQUEY) Shares Up 0.9% – Here’s Why

Shares of Equatorial Energia S.A. (OTCMKTS:EQUEYGet Free Report) traded up 0.9% on Tuesday . The stock traded as high as $7.85 and last traded at $7.85. Approximately 908 shares changed hands during mid-day trading, a decline of 75% from the average session volume of 3,686 shares. The stock had previously closed at $7.78.

Equatorial Energia Stock Performance

The firm’s 50 day moving average is $7.41 and its 200-day moving average is $7.78.

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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