Ceres Global (TSE:CRP) Share Price Crosses Above 50-Day Moving Average - Here's What Happened

Ceres Global Ag Corp. (TSE:CRP - Get Free Report)'s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$3.84 and traded as high as C$6.03. Ceres Global shares last traded at C$6.03, with a volume of 700 shares.

Ceres Global Price Performance

The company has a debt-to-equity ratio of 40.43, a quick ratio of 0.28 and a current ratio of 1.50. The firm has a fifty day simple moving average of C$3.98 and a 200 day simple moving average of C$3.24. The company has a market capitalization of C$123.78 million, a PE ratio of 24.77 and a beta of 0.22.

Insider Transactions at Ceres Global

In other news, Director Patrick Donnell Noone sold 57,000 shares of the company's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of C$6.07, for a total value 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.