Capricorn Energy (OTCMKTS:CRNCY) Stock Passes Below 50-Day Moving Average - What's Next?

Key Points

• Capricorn Energy's stock price fell below its 50-day moving average, trading at $5.90 after reaching a low of $5.17 during the day.
• The company's 50-day moving average is $5.94, while the 200-day moving average stands at $6.12, indicating potential volatility in its stock performance.
• Capricorn Energy is an independent energy company focused on the exploration and production of oil and gas, with assets located mainly in Mexico and Egypt.

Capricorn Energy PLC Unsponsored ADR (OTCMKTS:CRNCY - )'s stock price crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $5.94 and traded as low as $5.17. Capricorn Energy shares last traded at $5.90, with a volume of 2,600 shares.

Capricorn Energy Stock Up 2.3%

The company has a 50 day simple moving average of $5.94 and a 200 day simple moving average of $6.12. The company has a current ratio of 2.24, a quick ratio of 2.19 and a debt-to-equity ratio of 0.22.

About Capricorn Energy

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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