Enagas (OTCMKTS:ENGGF) Stock Price Up 11.1% – Here’s Why

Enagas SA (OTCMKTS:ENGGFGet Free Report)’s share price was up 11.1% on Thursday . The stock traded as high as $18.00 and last traded at $18.00. Approximately 275 shares traded hands during mid-day trading, a decline of 59% from the average daily volume of 675 shares. The stock had previously closed at $16.1966.

Enagas Stock Performance

The firm has a 50 day moving average price of $16.22 and a 200-day moving average price of $16.38.

About Enagas

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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.

Further Reading

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