Crown Point Energy (CVE:CWV) Share Price Crosses Below Two Hundred Day Moving Average of $0.06

Crown Point Energy Inc. (CVE:CWV)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.06 and traded as low as C$0.05. Crown Point Energy shares last traded at C$0.05, with a volume of 4,000 shares traded.

Crown Point Energy Trading Up 11.1 %

The company has a quick ratio of 0.42, a current ratio of 0.17 and a debt-to-equity ratio of 238.79. The stock has a market capitalization of C$3.65 million, a PE ratio of -0.33 and a beta of 2.09. The business’s 50-day moving average is C$0.05 and its two-hundred day moving average is C$0.06.

Crown Point Energy (CVE:CWV) last posted its earnings results on Monday, August 12th. The company reported C($0.05) earnings per share for the quarter. The firm had revenue of C$7.64 million during the quarter. Crown Point Energy had a negative net margin of 40.22% and a negative return on equity of 45.19%.

Crown Point Energy Company Profile

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.