Crown Point Energy (CVE:CWV) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Crown Point Energy Inc. (CVE:CWV)’s stock price 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$0.16. Crown Point Energy shares last traded at C$0.16, with a volume of 10,500 shares.

Crown Point Energy Stock Performance

The stock’s 50-day moving average is C$0.21 and its 200-day moving average is C$0.20. The company has a current ratio of 0.40, a quick ratio of 0.42 and a debt-to-equity ratio of 842.51. The stock has a market cap of C$11.30 million, a price-to-earnings ratio of -2.39 and a beta of -2.59.

Crown Point Energy Company Profile

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.