Active Energy Group (LON:AEG) Share Price Crosses Above 50 Day Moving Average – Here’s Why

Active Energy Group Plc (LON:AEG)’s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 0.08 and traded as high as GBX 0.09. Active Energy Group shares last traded at GBX 0.08, with a volume of 244,238,766 shares.

Active Energy Group Stock Performance

The firm has a market capitalization of £2.69 million, a P/E ratio of -0.08 and a beta of 0.92. The company has a 50-day moving average of GBX 0.08 and a 200-day moving average of GBX 0.12. The company has a current ratio of 1.71, a quick ratio of 4.42 and a debt-to-equity ratio of 6.24.

Active Energy Group Company Profile

Active Energy Group Plc, a renewable energy company, develops and produces biomass products in the United Kingdom and internationally. The company offers CoalSwitch, a biomass fuel that has been tested and proved to replace the traditional coal fired-power industry and existing renewable biomass industry without requiring plant modification. It engages in distribution of wood chip; and processing and distribution of wood; and property holding activities. The company was formerly known as Cinpart plc and changed its name to Active Energy Group Plc in July 2010.