Madalena Energy (CVE:MVN) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Madalena Energy Inc (CVE:MVN)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-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 traded.

Madalena Energy Trading Down 5.9 %

The company’s 50 day simple moving average is C$0.08 and its 200 day simple moving average is C$0.08. The firm has a market cap of C$43.52 million and a price-to-earnings ratio of -26.67. The company has a debt-to-equity ratio of 17.24, a current ratio of 0.84 and a quick ratio of 0.53.

Madalena Energy Company Profile

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.