Ceres Global (TSE:CRP) Shares Cross Below 50 Day Moving Average – Here’s What Happened

Ceres Global Ag Corp. (TSE:CRP)’s stock price crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$6.11 and traded as low as C$6.10. Ceres Global shares last traded at C$6.11, with a volume of 18,100 shares changing hands.

Ceres Global Trading Down 1.6%

The company has a debt-to-equity ratio of 46.53, a quick ratio of 0.28 and a current ratio of 2.30. The stock’s fifty day moving average is C$6.11 and its 200 day moving average is C$6.11. The stock has a market cap of C$124.80 million, a P/E ratio of 24.98 and a beta of 0.22.

About Ceres Global

Ceres Global Ag Corp is engaged in the agricultural, energy, and industrial supply chains through sourcing, storing, transporting, and marketing of commodity-based products and raw materials. It has three operating segments. The Grain segment, which is the key revenue driver, is engaged in grain procurement and merchandising of specialty grains and oilseeds such as oats, barley, rye, hard red spring wheat, durum wheat, canola, and pulses. The Supply Chain Services segment utilizes the corporation’s facilities to provide logistics services, storage, and transloading for commodities and industrial products.