Hillcrest Petroleum (CVE:HRH) Stock Price Crosses Below 50-Day Moving Average – Here’s Why

Hillcrest Petroleum Ltd. (CVE:HRHGet Free Report) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$0.22 and traded as low as C$0.21. Hillcrest Petroleum shares last traded at C$0.22, with a volume of 968,083 shares.

Hillcrest Petroleum Stock Up 10.0%

The company has a market cap of C$46.26 million and a PE ratio of -12.94. The business has a 50-day simple moving average of C$0.22 and a 200-day simple moving average of C$0.22.

Hillcrest Petroleum Company Profile

(Get Free Report)

Hillcrest Petroleum Ltd. engages in the acquisition, exploration, development, and production of oil and gas reserves in North America. It has an option to acquire 75% working interest in West Hazel field, a petroleum asset located in the Western Canadian Sedimentary Basin, Saskatchewan. The company was formerly known as Hillcrest Resources Ltd. and changed its name to Hillcrest Petroleum Ltd. in March 2015. Hillcrest Petroleum Ltd. was founded in 2006 and is headquartered in Vancouver, Canada.

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