Innergex Renewable Energy (TSE:INE) Shares Pass Above Two Hundred Day Moving Average - Here's What Happened

Shares of Innergex Renewable Energy Inc. (TSE:INE - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$11.55 and traded as high as C$13.80. Innergex Renewable Energy shares last traded at C$13.72, with a volume of 340,797 shares.

Innergex Renewable Energy Stock Performance

The stock has a market capitalization of C$2.81 billion, a price-to-earnings ratio of -21.99, a P/E/G ratio of 20.61 and a beta of 0.36. The company's fifty day simple moving average is C$13.68 and its 200 day simple moving average is C$11.55. The company has a quick ratio of 0.58, a current ratio of 0.56 and a debt-to-equity ratio of 620.44.

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.