Shoal Games (CVE:SGW) Shares Pass Below Fifty Day Moving Average – Time to Sell?

Shoal Games Ltd (CVE:SGW) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$0.50 and traded as low as C$0.50. Shoal Games shares last traded at C$0.50, with a volume of 500 shares traded.

Shoal Games Stock Up 42.9%

The business’s 50 day simple moving average is C$0.50 and its 200 day simple moving average is C$0.50. The stock has a market cap of C$65.56 million and a price-to-earnings ratio of -12.50.

About Shoal Games

Shoal Games Ltd. develops and sells consumer mobile software products and games in Anguilla and internationally. It focuses on the development and marketing of a platform of interactive games for families and children. The company's products include Rooplay, a platform of educational and entertainment games; Garfield's Bingo, a bingo game; and Trophy Bingo, live through mobile platforms. The company was formerly known as Bingo.com, Ltd. and changed its name to Shoal Games Ltd. in January 2015.