Capricorn Energy (LON:CNE) Shares Pass Above 200-Day Moving Average – What’s Next?

Capricorn Energy PLC (LON:CNE) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 256.34 ($3.31) and traded as high as GBX 258.50 ($3.34). Capricorn Energy shares last traded at GBX 244.50 ($3.16), with a volume of 31,954 shares.

Analysts Set New Price Targets

Separately, Shore Capital restated a “buy” rating on shares of Capricorn Energy in a report on Monday, March 17th.

Capricorn Energy Price Performance

The company has a quick ratio of 6.29, a current ratio of 2.56 and a debt-to-equity ratio of 32.44. The business has a 50 day simple moving average of GBX 288.66 and a 200-day simple moving average of GBX 256.34. The company has a market capitalization of £216.04 million, a P/E ratio of -2.43, a PEG ratio of -1.92 and a beta of 1.35.

About Capricorn Energy