Brompton Energy Split (TSE:ESP) Share Price Crosses Below Two Hundred Day Moving Average - Should You Sell?

Key Points

• Brompton Energy Split Corp. (TSE:ESP) shares fell below their 200-day moving average, closing at C$4.22, down from the average of C$4.83.
• The company has a high debt-to-equity ratio of 12.36 and a significantly negative P/E ratio of -61.16, indicating potential financial risk.
• Brompton Energy Split aims to provide cumulative cash distributions to its preferred shareholders and capital appreciation opportunities for its Class A shareholders through investments in large-cap North American oil and gas securities.

Brompton Energy Split Corp. (TSE:ESP - Get Free Report)'s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$4.83 and traded as low as C$4.21. Brompton Energy Split shares last traded at C$4.22, with a volume of 1,603 shares trading hands.

Brompton Energy Split Price Performance

The stock has a fifty day moving average price of C$4.55 and a 200-day moving average price of C$4.81. The company has a market cap of C$147.53 million and a PE ratio of -60.29. The company has a debt-to-equity ratio of 12.36, a current ratio of 6.82 and a quick ratio of 6.67.

About Brompton Energy Split

To provide holders of Preferred shares with fixed cumulative preferrential quarterly cash distributions and to return the original issue price on the maturity date. To provide holders of Class A shares with regular monthly cash distributions3 and the opportunity for capital appreciation. To achieve these objectives, the Fund invests in a portfolio of equity securities of at least 15 large¿capitalization North American oil and gas issuers selected by the Manager from the S&P 500 Index and the S&P/TSX Composite Index.