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Capricorn Energy (LON:CNE) Stock Passes Above Two Hundred Day Moving Average - Here's What Happened

Capricorn Energy logo with Energy background
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Capricorn Energy PLC (LON:CNE - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 240.60 and traded as high as GBX 315. Capricorn Energy shares last traded at GBX 310.28, with a volume of 239,052 shares trading hands.

Wall Street Analyst Weigh In

Separately, Shore Capital Group reissued a "buy" rating on shares of Capricorn Energy in a research note on Thursday, April 23rd. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of GBX 369.33.

View Our Latest Stock Report on CNE

Capricorn Energy Trading Up 2.6%

The company has a debt-to-equity ratio of 12.32, a current ratio of 2.44 and a quick ratio of 6.29. The business has a 50 day moving average of GBX 291.56 and a 200 day moving average of GBX 240.60. The firm has a market capitalization of £213.06 million, a price-to-earnings ratio of 11.93, a PEG ratio of -1.92 and a beta of 0.27.

About Capricorn Energy

(Get Free Report)

Capricorn is a cash flow-focused energy producer, with an attractive portfolio of onshore exploration, development and production assets in the Egyptian Western Desert. Capricorn is headquartered in Edinburgh, Scotland. For further information please see: www.capricornenergy.com

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