Madalena Energy (CVE:MVN) Shares Cross Above 200 Day Moving Average – Here’s What Happened

Madalena Energy Inc (CVE:MVN)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$0.08 and traded as high as C$0.08. Madalena Energy shares last traded at C$0.08, with a volume of 111,000 shares changing hands.

Madalena Energy Stock Performance

The company has a current ratio of 0.84, a quick ratio of 0.53 and a debt-to-equity ratio of 17.24. The company’s 50-day moving average price is C$0.08 and its two-hundred day moving average price is C$0.08. The company has a market cap of C$43.52 million and a P/E ratio of -26.67.

About Madalena Energy

Madalena Energy Inc explores for, develops, and produces crude oil, natural gas liquids, and natural gas. It primarily holds interest in the Surubi Block covering an area of 90,824 acres located in the Northwest Basin, Argentina; Puesto Morales Block that covers an area of 59,671 acres located in the Neuquén Basin, Argentina; and Coiron Amargo Norte concession located in the Neuquén Basin of Argentina.