Ceres Global (TSE:CRP) Shares Cross Above 50 Day Moving Average – Time to Sell?

Ceres Global Ag Corp. (TSE:CRPGet Free Report)’s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$6.11 and traded as high as C$6.11. Ceres Global shares last traded at C$6.11, with a volume of 18,100 shares trading hands.

Ceres Global Stock Performance

The business has a 50 day moving average of C$6.11 and a two-hundred day moving average of C$6.10. The company has a debt-to-equity ratio of 40.43, a quick ratio of 0.28 and a current ratio of 1.50. The firm has a market capitalization of C$124.81 million, a price-to-earnings ratio of 24.98 and a beta of 0.22.

About Ceres Global

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Ceres Global Ag Corp is engaged in the agricultural, energy, and industrial supply chains through sourcing, storing, transporting, and marketing of commodity-based products and raw materials. It has three operating segments. The Grain segment, which is the key revenue driver, is engaged in grain procurement and merchandising of specialty grains and oilseeds such as oats, barley, rye, hard red spring wheat, durum wheat, canola, and pulses.

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