Ceres Global (TSE:CRP) Shares Cross Above 50-Day Moving Average - Should You Sell?

Ceres Global Ag Corp. (TSE:CRP - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$3.43 and traded as high as C$6.03. Ceres Global shares last traded at C$6.00, with a volume of 79,300 shares traded.

Ceres Global Stock Down 0.7%

The company has a current ratio of 1.50, a quick ratio of 0.28 and a debt-to-equity ratio of 40.43. The business's fifty day moving average price is C$3.43 and its 200 day moving average price is C$3.08. The company has a market capitalization of C$122.56 million, a P/E ratio of 24.53 and a beta of 0.22.

Insiders Place Their Bets

In other Ceres Global news, Director Patrick Donnell Noone sold 57,000 shares of the stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of C$6.07, for a total transaction of C$345,990.00. Corporate insiders own 0.25% of the company's stock.

Ceres Global Company Profile

Ceres Global Ag Corp is engaged in the agricultural, energy, and industrial supply chains through sourcing, storing, transporting, and marketing of commodity-based products and raw materials. It has three operating segments. The Grain segment, which is the key revenue driver, is engaged in grain procurement and merchandising of specialty grains and oilseeds such as oats, barley, rye, hard red spring wheat, durum wheat, canola, and pulses.

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