Crown Point Energy (CVE:CWV) Stock Passes Below 200 Day Moving Average – Here’s Why

Crown Point Energy Inc. (CVE:CWVGet Free Report) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.20 and traded as low as C$0.18. Crown Point Energy shares last traded at C$0.18, with a volume of 629 shares.

Crown Point Energy Stock Performance

The company has a current ratio of 0.51, a quick ratio of 0.42 and a debt-to-equity ratio of 1,653.98. The firm has a fifty day moving average price of C$0.21 and a 200 day moving average price of C$0.20. The firm has a market cap of C$15.88 million, a PE ratio of -1.23 and a beta of -2.07.

About Crown Point Energy

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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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