Synex Renewable Energy (TSE:SXI) Share Price Passes Below Fifty Day Moving Average – What’s Next?

Shares of Synex Renewable Energy Co. (TSE:SXIGet Free Report) crossed below its fifty day moving average during trading on Friday . The stock has a fifty 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 company has a 50 day moving average of C$2.39 and a 200 day moving average of C$2.38. The company has a current ratio of 0.35, a quick ratio of 0.26 and a debt-to-equity ratio of 517.10. The firm has a market cap of C$11.97 million, a price-to-earnings ratio of -13.59 and a beta of 0.29.

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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