Madalena Energy (CVE:MVN) Stock Passes Above 200-Day Moving Average of $0.08

Madalena Energy Inc (CVE:MVNGet Rating) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$0.08 and traded as high as C$0.08. Madalena Energy shares last traded at C$0.08, with a volume of 111,000 shares trading hands.

Madalena Energy Price Performance

The business has a 50-day simple moving average of C$0.08 and a 200 day simple moving average of C$0.08. The stock has a market cap of C$43.52 million and a P/E ratio of -26.67. The company has a current ratio of 0.84, a quick ratio of 0.53 and a debt-to-equity ratio of 17.24.

About Madalena Energy

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Madalena Energy Inc explores for, develops, and produces crude oil, natural gas liquids, and natural gas. It primarily holds interest in the Surubi Block covering an area of 90,824 acres located in the Northwest Basin, Argentina; Puesto Morales Block that covers an area of 59,671 acres located in the Neuquén Basin, Argentina; and Coiron Amargo Norte concession located in the Neuquén Basin of Argentina.

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