Innergex Renewable Energy (TSE:INE) Stock Crosses Above 200-Day Moving Average - Here's What Happened

Shares of Innergex Renewable Energy Inc. (TSE:INE - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$11.75 and traded as high as C$13.74. Innergex Renewable Energy shares last traded at C$13.70, with a volume of 170,742 shares changing hands.

Innergex Renewable Energy Stock Performance

The stock has a market cap of C$2.82 billion, a price-to-earnings ratio of -22.02, a PEG ratio of 20.61 and a beta of 0.36. The company has a debt-to-equity ratio of 620.44, a current ratio of 0.56 and a quick ratio of 0.58. The firm has a fifty day moving average of C$13.70 and a 200 day moving average of C$11.75.

Innergex Renewable Energy Company Profile

For over 30 years, Innergex has believed in a world where abundant renewable energy promotes healthier communities and creates shared prosperity, which led to Innergex being recognized as Canada's best corporate citizens in 2023 by Corporate Knights. As an independent renewable power producer which develops, acquires, owns and operates hydroelectric facilities, wind farms, solar farms and energy storage facilities, Innergex is convinced that generating power from renewable sources will lead the way to a better world.