Capricorn Energy (LON:CNE) Share Price Passes Above 200-Day Moving Average of $188.40

Shares of Capricorn Energy PLC (LON:CNE) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 188.40 ($2.52) and traded as high as GBX 200 ($2.68). Capricorn Energy shares last traded at GBX 199.20 ($2.66), with a volume of 50,205 shares changing hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group restated a “speculative buy” rating and issued a GBX 260 ($3.48) price objective on shares of Capricorn Energy in a research report on Tuesday, September 24th.

Capricorn Energy Price Performance

The stock has a market capitalization of £139.52 million, a PE ratio of -474.29, a P/E/G ratio of -1.92 and a beta of 1.35. The company has a debt-to-equity ratio of 32.44, a current ratio of 2.56 and a quick ratio of 6.29. The stock’s fifty day moving average is GBX 211.58 and its 200-day moving average is GBX 188.40.

Capricorn Energy Company Profile

Capricorn Energy PLC, an independent energy company, engages in the exploration, development, production, and sale of oil and gas. It holds a portfolio of exploration, development, and production assets in the United Kingdom, Israel, Egypt, Mauritania, Mexico, and Suriname. The company was formerly known as Cairn Energy PLC and changed its name to Capricorn Energy PLC in December 2021.