Crown Point Energy (CVE:CWV) Stock Price Passes Below 200-Day Moving Average – Here’s Why

Crown Point Energy Inc. (CVE:CWV) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.20 and traded as low as C$0.13. Crown Point Energy shares last traded at C$0.13, with a volume of 2,136 shares traded.

Crown Point Energy Price Performance

The firm has a market capitalization of C$40.68 million, a P/E ratio of -1.13 and a beta of -2.17. The firm has a 50 day moving average price of C$0.19 and a 200-day moving average price of C$0.20. The company has a current ratio of 0.51, a quick ratio of 0.42 and a debt-to-equity ratio of 1,653.98.

About Crown Point Energy

Crown Point Energy Inc explores for, develops, and produces petroleum and natural gas properties in Argentina. The company holds a 100% working interest in the Cerro de Los Leones exploration concession which covers an area of 101,208 acres located in the Neuquén Basin, Argentina. It also has 34.74% non-operated working interest in the Rio Cullen, La Angostura, and Las Violetas exploitation concessions that covers an area of 489,000 gross acres in Tierra del Fuego; and 50% non-operated working interest in the Chañares Herrados exploitation concession, which covers an area of 10,057 gross acres located in the Cuyano Basin.