Comp En De Mn Cemig ADS American Depositary Shares (NYSE:CIG) traded today at a new 52-week high of $3.19. This new high was reached on below average trading volume as 383,000 shares traded hands, while the average 30-day volume is approximately 5.4 million shares.
Over the past year, Comp En De Mn Cemig ADS American Depositary Shares has traded in a range of $1.91 to $3.19 and is now at $3.17, 67% above that low.
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.
Comp En De Mn Cemig ADS American Depositary Shares (NYSE:CIG) defies analysts with a current price ($3.17) 36.1% above its average consensus price target of $2.03.
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