Crown Point Energy (OTCMKTS:CWVLF) Shares Pass Above 50-Day Moving Average – What’s Next?

Crown Point Energy Inc. (OTCMKTS:CWVLFGet Free Report)’s share price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $0.16 and traded as high as $0.16. Crown Point Energy shares last traded at $0.16, with a volume of 500 shares changing hands.

Crown Point Energy Price Performance

The stock’s 50 day simple moving average is $0.16 and its 200 day simple moving average is $0.09.

Crown Point Energy Company Profile

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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.

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