Feronia (CVE:FRN) Shares Down 50%

Shares of Feronia Inc (CVE:FRN) fell 50% during trading on Thursday . The company traded as low as C$0.03 and last traded at C$0.03, 27,028 shares traded hands during trading. An increase of 63% from the average session volume of 16,589 shares. The stock had previously closed at C$0.05.

The company has a market capitalization of $24.19 million and a PE ratio of -2.78. The company has a debt-to-equity ratio of 116.11, a quick ratio of 0.38 and a current ratio of 0.96. The stock’s 50 day moving average is C$0.06 and its 200 day moving average is C$0.10.

Feronia Company Profile (CVE:FRN)

Feronia Inc engages in the agribusiness in the Democratic Republic of the Congo. The company produces crude palm oil and palm kernel oil. Feronia Inc was founded in 1911 and is headquartered in Kinshasa, the Democratic Republic of the Congo.

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