Synex Renewable Energy (TSE:SXI) Stock Passes Below 50 Day Moving Average – Should You Sell?

Synex Renewable Energy Co. (TSE:SXIGet Free Report) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$2.39 and traded as low as C$2.39. Synex Renewable Energy shares last traded at C$2.39, with a volume of 105,900 shares trading hands.

Synex Renewable Energy Price Performance

The stock has a market cap of C$11.97 million, a price-to-earnings ratio of -13.59 and a beta of 0.29. The company has a debt-to-equity ratio of 517.10, a quick ratio of 0.26 and a current ratio of 0.35. The company has a 50-day simple moving average of C$2.39 and a two-hundred day simple moving average of C$2.37.

About Synex Renewable Energy

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Synex International Inc is an independent Canadian renewable power producer. It develops, acquires and operates renewable energy facilities. Synex International Inc generates revenue from three run of river power plants and one power line network in British Columbia. Synex is a renewable power developer with substantial wind and hydro projects under various levels of development in British Columbia.

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