Madalena Energy (CVE:MVN) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Madalena Energy Inc (CVE:MVN)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.08 and traded as high as C$0.08. Madalena Energy shares last traded at C$0.08, with a volume of 111,000 shares.

Madalena Energy Stock Down 5.9%

The company has a market capitalization of C$43.52 million and a PE ratio of -26.67. The company has a debt-to-equity ratio of 17.24, a current ratio of 0.84 and a quick ratio of 0.53. The company has a 50-day moving average of C$0.08 and a two-hundred day moving average of C$0.08.

Madalena Energy Company Profile

Madalena Energy Inc explores for, develops, and produces crude oil, natural gas liquids, and natural gas. It primarily holds interest in the Surubi Block covering an area of 90,824 acres located in the Northwest Basin, Argentina; Puesto Morales Block that covers an area of 59,671 acres located in the Neuquén Basin, Argentina; and Coiron Amargo Norte concession located in the Neuquén Basin of Argentina. The company was formerly known as Madalena Ventures Inc and changed its name to Madalena Energy Inc in August 2013.