Brompton Energy Split (TSE:ESP) Shares Pass Above 50-Day Moving Average – What’s Next?

Brompton Energy Split Corp. (TSE:ESP)’s share price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$5.67 and traded as high as C$7.05. Brompton Energy Split shares last traded at C$6.85, with a volume of 12,688 shares trading hands.

Brompton Energy Split Stock Up 3.8%

The company has a quick ratio of 6.67, a current ratio of 6.82 and a debt-to-equity ratio of 12.36. The business has a 50-day simple moving average of C$5.67 and a 200-day simple moving average of C$4.93. The company has a market cap of C$6.87 million, a PE ratio of 3.87 and a beta of 1.83.

About Brompton Energy Split

To provide holders of Preferred shares with fixed cumulative preferrential quarterly cash distributions and to return the original issue price on the maturity date. To provide holders of Class A shares with regular monthly cash distributions3 and the opportunity for capital appreciation. To achieve these objectives, the Fund invests in a portfolio of equity securities of at least 15 large capitalization North American oil and gas issuers selected by the Manager from the S&P 500 Index and the S&P/TSX Composite Index.