Companhia Paranaense de Energia – COPEL (OTCMKTS:EQUEY) Trading 34% Higher

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Companhia Paranaense de Energia – COPEL (OTCMKTS:EQUEY)’s share price traded up 34% on Thursday . The stock traded as high as $25.00 and last traded at $25.00, 2,350 shares were traded during trading. An increase of 38% from the average session volume of 1,703 shares. The stock had previously closed at $18.65.

Separately, Goldman Sachs Group initiated coverage on shares of Companhia Paranaense de Energia – COPEL in a report on Thursday, November 14th. They set a “buy” rating for the company.

About Companhia Paranaense de Energia – COPEL (OTCMKTS:EQUEY)

Equatorial Energia SA, through its subsidiaries, generates, transmits, and distributes electricity in Brazil. It primarily distributes electric energy in the 217 municipalities of Maranhão State with a concession area of approximately 331,937 square kilometers serving approximately 6.9 million clients.

Further Reading: Cost of Capital Explained

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