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Innergex Renewable Energy (TSE:INE) Stock Crosses Above Two Hundred Day Moving Average - Here's Why

Innergex Renewable Energy logo with Utilities background

Innergex Renewable Energy Inc. (TSE:INE - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$11.98 and traded as high as C$13.75. Innergex Renewable Energy shares last traded at C$13.73, with a volume of 385,726 shares traded.

Innergex Renewable Energy Stock Performance

The company has a current ratio of 0.56, a quick ratio of 0.58 and a debt-to-equity ratio of 620.44. The stock has a market capitalization of C$2.82 billion, a PE ratio of -22.04, a price-to-earnings-growth ratio of 20.61 and a beta of 0.36. The firm's fifty day moving average is C$13.72 and its 200-day moving average is C$12.07.

About Innergex Renewable Energy

(Get Free Report)

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.

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