Crown Point Energy (CVE:CWV) Share Price Passes Below Two Hundred Day Moving Average of $0.08

Crown Point Energy Inc. (CVE:CWVGet Free Report)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.08 and traded as low as C$0.06. Crown Point Energy shares last traded at C$0.06, with a volume of 20,100 shares trading hands.

Crown Point Energy Stock Performance

The company has a market capitalization of C$4.37 million, a price-to-earnings ratio of -0.38 and a beta of 2.24. The company has a debt-to-equity ratio of 121.99, a quick ratio of 0.42 and a current ratio of 0.53. The firm has a 50-day simple moving average of C$0.06 and a two-hundred day simple moving average of C$0.08.

Crown Point Energy (CVE:CWVGet Free Report) last released its earnings results on Friday, November 10th. The company reported C($0.04) earnings per share for the quarter. The firm had revenue of C$9.93 million during the quarter. Crown Point Energy had a negative net margin of 35.71% and a negative return on equity of 36.07%.

About Crown Point Energy

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Crown Point Energy Inc explores for, develops, and produces petroleum and natural gas properties in Argentina. The company holds a 100% working interest in the Cerro de Los Leones concession located in the Neuquén Basin, Argentina. It also holds interests in the Las Violetas, La Angostura, and Rio Cullen exploitation concessions in Tierra del Fuego; and Chañares Herrados exploitation concession located in the Cuyano Basin.

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