Light S.A. (OTCMKTS:LGSXY – Get Free Report) rose 11.4% during mid-day trading on Thursday. The company traded as high as $1.73 and last traded at $1.27. Approximately 5,112 shares changed hands during trading, a decline of 70% from the average session volume of 17,189 shares. The stock had previously closed at $1.14.
Light Stock Up 11.4%
The company’s 50 day simple moving average is $1.22 and its 200 day simple moving average is $0.92.
Light Company Profile
Light SA is a Brazilian electric utility headquartered in Rio de Janeiro. The company’s principal business is the distribution of electricity to residential, commercial and industrial customers in Rio de Janeiro state, including the city of Rio de Janeiro and surrounding municipalities.
Through its operating businesses, Light has also been involved in electricity generation, transmission and energy trading. Its generation activities have historically included hydroelectric assets, while its distribution operations manage the delivery of power through local electric networks and related infrastructure.
The company traces its origins to the development of electric transportation and power services in Rio de Janeiro in the early 20th century.
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