Cabo Drilling (CVE:CBE) Share Price Crosses Below 50 Day Moving Average – Should You Sell?

Cabo Drilling Corp (CVE:CBE)’s share price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$0.02 and traded as low as C$0.01. Cabo Drilling shares last traded at C$0.01, with a volume of 1,000 shares traded.

Cabo Drilling Stock Performance

The company has a debt-to-equity ratio of 260.64, a quick ratio of 0.13 and a current ratio of 0.79. The stock has a market cap of C$1.41 million and a P/E ratio of -0.25. The firm’s 50 day moving average is C$0.02 and its 200 day moving average is C$0.01.

About Cabo Drilling

Cabo Drilling Corp., a drilling services company, provides contract drilling services to major, mid-tier, and junior mining and mineral exploration companies in Canada, Greece, Panama, Colombia, Albania, Kosovo, and the United States. Its services include surface and underground coring, directional, reverse circulation, and geotechnical drilling. The company also offers tree falling and clearing services; and services to the infrastructure sector. Cabo Drilling Corp. is headquartered in New Westminster, Canada.