Madalena Energy (CVE:MVN) Stock Price Passes Below 200 Day Moving Average – Here’s What Happened

Madalena Energy Inc (CVE:MVN)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$0.08 and traded as low as C$0.08. Madalena Energy shares last traded at C$0.08, with a volume of 111,000 shares changing hands.

Madalena Energy Price Performance

The company has a debt-to-equity ratio of 17.24, a quick ratio of 0.53 and a current ratio of 0.84. The company has a market capitalization of C$43.52 million and a P/E ratio of -26.67. The firm’s fifty day moving average is C$0.08 and its 200 day moving average is C$0.08.

About Madalena Energy

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.