Ceres Global (TSE:CRP) Shares Cross Below 50-Day Moving Average – What’s Next?

Shares of Ceres Global Ag Corp. (TSE:CRP) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$6.11 and traded as low as C$6.10. Ceres Global shares last traded at C$6.11, with a volume of 18,100 shares changing hands.

Ceres Global Trading Down 1.6%

The company has a 50 day simple moving average of C$6.11 and a 200 day simple moving average of C$6.11. The company has a current ratio of 1.50, a quick ratio of 0.28 and a debt-to-equity ratio of 40.43. The stock has a market capitalization of C$124.80 million, a PE ratio of 24.98 and a beta of 0.22.

Ceres Global Company Profile

Ceres Global Ag Corp is engaged in the agricultural, energy, and industrial supply chains through sourcing, storing, transporting, and marketing of commodity-based products and raw materials. It has three operating segments. The Grain segment, which is the key revenue driver, is engaged in grain procurement and merchandising of specialty grains and oilseeds such as oats, barley, rye, hard red spring wheat, durum wheat, canola, and pulses. The Supply Chain Services segment utilizes the corporation’s facilities to provide logistics services, storage, and transloading for commodities and industrial products.