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

Crown Point Energy Inc. (CVE:CWV)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.15 and traded as high as C$0.24. Crown Point Energy shares last traded at C$0.24, with a volume of 1,727 shares traded.

Crown Point Energy Trading Up 6.7%

The company has a fifty day simple moving average of C$0.19 and a two-hundred day simple moving average of C$0.15. The company has a debt-to-equity ratio of 311.55, a current ratio of 0.16 and a quick ratio of 0.42. The company has a market capitalization of C$17.50 million, a P/E ratio of -0.75 and a beta of -1.89.

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.