Ceres Global (TSE:CRP) Shares Up 142.6% - What's Next?

Ceres Global Ag Corp. (TSE:CRP - Get Free Report) rose 142.6% on Wednesday . The stock traded as high as C$6.26 and last traded at C$6.04. 1,426,262 shares traded hands during mid-day trading, an increase of 4,730% from the average daily volume of 29,529 shares. The stock had previously closed at C$2.49.

Ceres Global Price Performance

The stock has a 50 day moving average of C$2.80 and a 200-day moving average of C$2.91. The stock has a market capitalization of C$123.38 million, a P/E ratio of 24.69 and a beta of 0.22. The company has a current ratio of 1.50, a quick ratio of 0.28 and a debt-to-equity ratio of 40.43.

Insiders Place Their Bets

In related news, Director Patrick Donnell Noone sold 57,000 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of C$6.07, for a total value of C$345,990.00. Insiders own 0.25% of the company's stock.

About Ceres Global

Ceres Global Ag Corp. engages in the procurement and provision of agricultural commodities and value-added products, industrial products, fertilizers, energy products, and supply chain logistics and storage services worldwide. The company operates through Grain, Supply Chain Services, and Seed and Processing segments.