Summer Energy Holdings, Inc. (OTCMKTS:SUME – Get Free Report)’s share price passed below its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $0.05 and traded as low as $0.0329. Summer Energy shares last traded at $0.0330, with a volume of 49,618 shares changing hands.
Summer Energy Price Performance
The company’s 50 day moving average price is $0.05 and its 200 day moving average price is $0.07.
About Summer Energy
Summer Energy, Inc is an independent retail electricity provider that sells electricity to residential and commercial customers in deregulated energy markets. The company purchases power through wholesale market arrangements and provides retail electricity plans and related customer services.
Summer Energy’s operations have been primarily associated with the Texas electricity market, where customers can choose among competing retail electric providers. Its business includes customer account management, billing, enrollment and other services supporting the delivery of electricity through regulated transmission and distribution systems.
The company is publicly traded on the OTC Markets under the symbol SUME.
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