Madalena Energy (CVE:MVN) Share Price Passes Above Two Hundred Day Moving Average of $0.08

Madalena Energy Inc (CVE:MVN)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$0.08 and traded as high as C$0.08. Madalena Energy shares last traded at C$0.08, with a volume of 111,000 shares changing hands.

Madalena Energy Stock Performance

The stock has a market cap of C$43.52 million and a P/E ratio of -26.67. The stock has a fifty day simple moving average of C$0.08 and a 200-day simple moving average of C$0.08. The company has a quick ratio of 0.53, a current ratio of 0.84 and a debt-to-equity ratio of 17.24.

About Madalena Energy

Madalena Energy Inc explores for, develops, and produces crude oil, natural gas liquids, and natural gas. It primarily holds interest in the Surubi Block covering an area of 90,824 acres located in the Northwest Basin, Argentina; Puesto Morales Block that covers an area of 59,671 acres located in the Neuquén Basin, Argentina; and Coiron Amargo Norte concession located in the Neuquén Basin of Argentina.