Buffalo Coal (CVE:BUF) Stock Price Passes Below 50 Day Moving Average – Here’s Why

Buffalo Coal Corp. (CVE:BUF) shares passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$0.01 and traded as low as C$0.01. Buffalo Coal shares last traded at C$0.01, with a volume of 26,000 shares changing hands.

Buffalo Coal Stock Performance

The firm’s fifty day moving average is C$0.01 and its 200-day moving average is C$0.01. The company has a market capitalization of C$7.37 million, a P/E ratio of -3.33 and a beta of 0.58.

Buffalo Coal Company Profile

Buffalo Coal Corp., together with its subsidiaries, operates as a coal mining company in South Africa. It primarily focuses on the Aviemore anthracite mine covering an area of approximately 5,513 hectares and Magdalena mine covering an area of approximately 1,844 hectares located in the Kwa-Zulu, Natal Province of South Africa. The company was formerly known as Forbes & Manhattan Coal Corp. and changed its name to Buffalo Coal Corp. in July 2014. Buffalo Coal Corp. is headquartered in Dundee, South Africa.