Shares of Comp En De Mn Cemig ADS American Depositary Shares (NYSE:CIG) traded at a new 52-week high today of $2.32. Approximately 974,000 shares have changed hands today, as compared to an average 30-day volume of 10.4 million shares.
Comp En De Mn Cemig ADS American Depositary Shares share prices have moved between a 52-week high of $2.32 and a 52-week low of $1.24 and are now trading 87% above that low price at $2.31 per share.
Energy Company of Minas Gerais is a Brazilian power company that generates, transmits, and distributes electricity. As one of the largest power companies in Brazil, the firm operates across most Brazilian states and Chile. The company has various subsidiaries and operates chiefly through its generation, transmission, distribution, and gas segments. The majority of the company’s revenue is derived from electricity sales to consumers. The company generates power primarily through hydroelectric resources and secondarily through thermal and wind resources.
Based on a current price of $2.31, Comp En De Mn Cemig ADS American Depositary Shares is currently 23.8% above its average consensus analyst price target of $1.76.
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