Synex Renewable Energy (TSE:SXI) Shares Pass Above 50-Day Moving Average – Here’s Why

Synex Renewable Energy Co. (TSE:SXI)’s stock price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$2.39 and traded as high as C$2.39. Synex Renewable Energy shares last traded at C$2.39, with a volume of 105,900 shares traded.

Synex Renewable Energy Price Performance

The company has a debt-to-equity ratio of 439.32, a quick ratio of 0.26 and a current ratio of 0.52. The firm has a fifty day simple moving average of C$2.39 and a two-hundred day simple moving average of C$2.39. The firm has a market cap of C$11.97 million, a PE ratio of -13.59 and a beta of 0.29.

About Synex Renewable Energy

Synex International Inc is an independent Canadian renewable power producer. It develops, acquires and operates renewable energy facilities. Synex International Inc generates revenue from three run of river power plants and one power line network in British Columbia. Synex is a renewable power developer with substantial wind and hydro projects under various levels of development in British Columbia.