AGL Energy (OTCMKTS:AGLNF) Trading Down 9% – Here’s Why

Shares of AGL Energy Limited (OTCMKTS:AGLNFGet Free Report) were down 9% during trading on Monday . The stock traded as low as $6.25 and last traded at $6.25. Approximately 500 shares traded hands during mid-day trading, a decline of 68% from the average daily volume of 1,583 shares. The stock had previously closed at $6.87.

AGL Energy Stock Performance

The stock’s 50-day moving average is $6.25 and its two-hundred day moving average is $6.36.

About AGL Energy

(Get Free Report)

AGL Energy, originally founded in 1837 as the Australian Gas Light Company, is one of Australia’s longest-standing energy enterprises. Today, the company operates as an integrated energy provider, offering electricity and natural gas to residential, commercial and industrial customers across New South Wales, Victoria, South Australia, Queensland and the Australian Capital Territory.

Alongside its retail supply business, AGL manages a diverse portfolio of electricity generation assets. Historically, this has included coal-fired power stations such as Loy Yang and Bayswater, complemented by a growing array of wind, solar and hydroelectric projects.

Recommended Stories

Receive News & Ratings for AGL Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AGL Energy and related companies with MarketBeat.com's FREE daily email newsletter.