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Weekly: Pason Systems drops 2.1% on weak volume

Feb 03, 2017 - News Bites Canadian Markets


Pason Systems Inc. (TSX:PSI), Canada's 6th largest Oil & Gas - Services company by market cap, has decreased 41.0c (or 2.1%) in the past week to close at CAD19.35, ending a two-week streak of rises. Compared with the S&P/TSX 60 Index which fell 7.2 points (or 0.8%) in the week, this represented a relative price change of -1.3%. The volume was 0.4 times average trading per week of 934,560 shares. In the past week the market cap has declined CAD34.7 million.

Bearish Sign...