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Capricorn Energy (OTCMKTS:CRNCY) Stock Price Passes Below 50-Day Moving Average - Here's Why

Capricorn Energy logo with Energy background

Key Points

  • The share price of Capricorn Energy (OTCMKTS:CRNCY) has fallen 12.2% and crossed below its 50-day moving average of $6.27, trading as low as $5.45.
  • The company maintains a strong liquidity position with a current ratio of 2.24 and a quick ratio of 2.19, while its debt-to-equity ratio stands at a low 0.22.
  • Capricorn Energy operates globally in the exploration, development, production, and sale of oil and gas, with significant assets located in Mexico and Egypt.
  • Want stock alerts on Capricorn Energy? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Capricorn Energy PLC Unsponsored ADR (OTCMKTS:CRNCY - Get Free Report) shares passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $6.27 and traded as low as $5.45. Capricorn Energy shares last traded at $5.45, with a volume of 1,170 shares traded.

Capricorn Energy Trading Up 13.9%

The company has a debt-to-equity ratio of 0.22, a current ratio of 2.24 and a quick ratio of 2.19. The firm's 50-day moving average is $6.22 and its two-hundred day moving average is $6.50.

About Capricorn Energy

(Get Free Report)

Capricorn Energy PLC, an independent energy company, engages in the exploration, development, production, and sale of oil and gas worldwide. It holds a portfolio of exploration, development, and production assets in Mexico and Egypt. The company was formerly known as Cairn Energy PLC and changed its name to Capricorn Energy PLC in December 2021.

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