CES Energy Solutions (CEU) Shares Down 4.8%

CES Energy Solutions Corp (TSE:CEU) fell 4.8% during mid-day trading on Wednesday . The company traded as low as C$6.26 and last traded at C$6.54. 1,248,179 shares traded hands during trading, an increase of 104% from the average session volume of 610,814 shares. The stock had previously closed at C$6.24.

Separately, GMP Securities upped their target price on CES Energy Solutions from C$8.00 to C$9.00 in a research report on Wednesday, October 18th.

The company has a market capitalization of $1,670.00, a PE ratio of 62.90 and a beta of 1.18.

In other news, insider Kenneth Earl Zinger sold 10,000 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of C$5.87, for a total value of C$58,700.00. Also, Director Burton Joel Ahrens sold 5,000 shares of the stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of C$6.19, for a total value of C$30,950.00. Insiders sold 26,229 shares of company stock valued at $155,962 over the last three months.

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About CES Energy Solutions

CES Energy Solutions Corp, formerly Canadian Energy Services & Technology Corp, is a Canada-based provider of technically advanced consumable chemical solutions throughout the lifecycle of the oilfield. The Company offers total solutions at the drill-bit, at the point of completion and stimulation, at the wellhead and pump-jack, and through to the pipeline and midstream market.

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