Atlantic Power Corporation (ATP:CA) Rises 6.41% for February 22

Atlantic Power Corporation (ATP:CA) Rises 6.41% for February 22

February 22 was a positive day for Atlantic Power Corporation (ATP:CA) as its stock finished the day having gained 6.41% to hit a price of $3.65 a share. The company reached a market cap of 395.45 million and has 108.34 million shares outstanding. Atlantic Power Corporation is a component of the the S&P/TSX SmallCap Index.

254,363 shares changed hands over the course of the day as compared to an average volume of 51,105 over the last 30 days for Atlantic Power Corporation.

Atlantic Power Corp owns and operates a fleet of power generation assets in the United States and Canada. It’s power generation projects sell electricity to utilities and other commercial customers. Atlantic Power’s segments include Eastern U.S., Western U.S., and Canada. The company’s East U.S. segment comprises natural gas, biomass, coal, and hydro projects. The company’s projects under the West U.S. segment include Naval Station, Naval Training Center, North Island, Oxnard, Manchief, and Frederickson, which are focused on natural gas, and Koma Kulshan, which is focused on hydro. Under the Canada segment, the company’s projects located in British Columbia include Mamquam, Mamquam and Williams Lake.. The company makes its home in Dedham, MA, and is currently under the leadership of CEO .

Atlantic Power Corporation has hit a high of $3.47 and reached a low of $2.26 over its last year of trading. The stock’s 50-day SMA is now $3.17 and 200-day SMA is $2.92. As for its price valuations, the P/E ratio is at 0 and P/B is now -14.04.

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.

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