Crown Point Energy (CVE:CWV) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Crown Point Energy Inc. (CVE:CWV) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.21 and traded as low as C$0.20. Crown Point Energy shares last traded at C$0.20, with a volume of 18,000 shares trading hands.

Crown Point Energy Price Performance

The firm has a 50 day simple moving average of C$0.21 and a 200-day simple moving average of C$0.21. The company has a quick ratio of 0.42, a current ratio of 0.41 and a debt-to-equity ratio of 3,645.17. The company has a market cap of C$14.58 million, a PE ratio of -3.33 and a beta of -1.81.

About Crown Point Energy

Crown Point Energy Inc explores for, develops, and produces petroleum and natural gas properties in Argentina. The company holds a 100% working interest in the Cerro de Los Leones exploration concession which covers an area of 101,208 acres located in the Neuquén Basin, Argentina. It also has 34.74% non-operated working interest in the Rio Cullen, La Angostura, and Las Violetas exploitation concessions that covers an area of 489,000 gross acres in Tierra del Fuego; and 50% non-operated working interest in the Chañares Herrados exploitation concession, which covers an area of 10,057 gross acres located in the Cuyano Basin.