Active Energy Group (LON:AEG) Stock Passes Below 200-Day Moving Average – Here’s Why

Active Energy Group Plc (LON:AEG) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 0.10 and traded as low as GBX 0.10. Active Energy Group shares last traded at GBX 0.10, with a volume of 21,394,713 shares traded.

Active Energy Group Trading Down 5.0%

The company has a market capitalization of £3.65 million, a price-to-earnings ratio of -0.11 and a beta of 0.92. The business’s 50 day simple moving average is GBX 0.09 and its 200 day simple moving average is GBX 0.10. The company has a debt-to-equity ratio of 6.24, a current ratio of 1.71 and a quick ratio of 4.42.

Active Energy Group Company Profile

Active Energy Group Plc, a renewable energy company, develops and produces biomass products in the United Kingdom and internationally. The company offers CoalSwitch, a biomass fuel that has been tested and proved to replace the traditional coal fired-power industry and existing renewable biomass industry without requiring plant modification. It engages in distribution of wood chip; and processing and distribution of wood; and property holding activities. The company was formerly known as Cinpart plc and changed its name to Active Energy Group Plc in July 2010.