November 07 was a positive day for NuVista Energy Ltd. (NVA:CA) as its stock finished the day having gained 7.37% to hit a price of $2.33 a share. The company reached a market cap of 525.35 million and has 225.47 million shares outstanding. NuVista Energy Ltd. is a component of the the S&P/TSX SmallCap Index.
900,008 shares changed hands over the course of the day as compared to an average volume of n/a over the last 30 days for NuVista Energy Ltd..
NuVista Energy Ltd engages in the exploration, development, and production of oil and natural gas in the Western Canadian Sedimentary Basin. Products sold include natural gas, condensate and oil, butane, propane, and ethane, with condensate composing nearly half of all sales. Condensate finds significant use in the heavy oil business when applied to heavy oil bitumen. It creates viscosity needed for pipeline transportation. The Wapiti Montney area delivers the largest portion of hydrocarbon production for NuVista. To better service assets and production in this area, the firm operates compressor and dehydration stations.. The company makes its home in Calgary, AB, and is currently under the leadership of CEO Jonathan Wright.
NuVista Energy Ltd. has hit a high of $5.36 and reached a low of $1.39 over its last year of trading. The stock’s 50-day SMA is now $n/a and 200-day SMA is $n/a. As for its price valuations, the P/E ratio is at n/a and P/B is now 0.38.
The S&P/TSX SmallCap Index tracks over 200 Canadian small-cap stocks for cumulative performance. Relying on market cap weighting to calculate returns, it’s an index similar in composition to the Russell 2000, only focused on Canadian companies and much smaller in terms of its total membership. Widely recognized as the benchmark for small-cap Canadian stocks, the member companies must have a market cap between C$100 million and C$1.5 billion and an average share price of at least C$1.
