Terrace Energy (CVE:TZR) Share Price Passes Below 50-Day Moving Average – What’s Next?

Terrace Energy Corp. (CVE:TZRGet Free Report)’s stock price crossed below its fifty day moving average during trading on Friday . The stock has a fifty 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 Stock Up 21.2%

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

About Terrace Energy

(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.

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