Crown Point Energy (CVE:CWV) Shares Cross Below 200 Day Moving Average – Here’s What Happened

Crown Point Energy Inc. (CVE:CWVGet Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.20 and traded as low as C$0.13. Crown Point Energy shares last traded at C$0.13, with a volume of 2,136 shares.

Crown Point Energy Stock Down 21.2%

The company has a market cap of C$40.68 million, a PE ratio of -1.13 and a beta of -2.17. The company’s 50 day moving average is C$0.19 and its 200 day moving average is C$0.20. 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.

Crown Point Energy Company Profile

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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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