Gasfrac Energy Services (TSX: GFS), an oil and gas service company, experienced an upward share price momentum climbing over 65% in the last 2-days after the company announced a two year contract with BlackBrush Oil and Gas. The shares of the company gained more than 19% during each of the past two consecutive trading sessions with significant number of shares exchanging hands. During the last trading session, GFS was the top gainer in the Canadian energy sector having gained over 38% breaking the short term 30-day DMA of C$1.23. The stock ended yesterday at C$1.27 while recording volumes of 845,389 shares. During the past 5-trading sessions, GFS gained 35% with daily average trading volumes of 529,560 shares.
Company Description:
Gasfrac Energy Services, Inc. offers oilfield services. The company offers liquefied petroleum gas fracturing services to oil and gas companies. Gasfrac Energy Services facilitates the production of oil and natural gas in Canada and the United States.
1-Year Stock Chart:
Source: Bloomberg
