Terrace Energy (CVE:TZR) Share Price Crosses Below 50 Day Moving Average – Here’s Why

Terrace Energy Corp. (CVE:TZRGet Free Report) shares passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$0.20 and traded as low as C$0.20. Terrace Energy shares last traded at C$0.20, with a volume of 3,500 shares changing hands.

Terrace Energy Trading Up 21.2%

The firm has a market capitalization of C$1.55 million, a price-to-earnings ratio of 0.83 and a beta of -1.11. The stock’s 50-day moving average is C$0.20 and its 200-day moving average is C$0.20.

Terrace Energy Company Profile

(Get Free Report)

Terrace Energy Corp. does not have significant operations. Previously it was engaged in the acquisition, exploration, and development of conventional onshore oil and gas properties in the United States. The company was formerly known as Terrace Resources Inc and changed its name to Terrace Energy Corp. in June 2011. Terrace Energy Corp. was incorporated in 2006 and is headquartered in The Woodlands, Texas.

Featured Articles

Receive News & Ratings for Terrace Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Terrace Energy and related companies with MarketBeat.com's FREE daily email newsletter.