Innergex Renewable Energy (TSE:INE) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Shares of Innergex Renewable Energy Inc. (TSE:INE) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$11.55 and traded as high as C$13.80. Innergex Renewable Energy shares last traded at C$13.72, with a volume of 340,797 shares.

Innergex Renewable Energy Stock Down 0.7%

The firm has a market cap of C$2.81 billion, a price-to-earnings ratio of -22.01, a P/E/G ratio of 20.61 and a beta of 0.36. The firm’s fifty day moving average is C$13.68 and its two-hundred day moving average is C$11.55. The company has a debt-to-equity ratio of 620.44, a current ratio of 0.56 and a quick ratio of 0.58.

Innergex Renewable Energy Company Profile

For over 30 years, Innergex has believed in a world where abundant renewable energy promotes healthier communities and creates shared prosperity, which led to Innergex being recognized as Canada’s best corporate citizens in 2023 by Corporate Knights. As an independent renewable power producer which develops, acquires, owns and operates hydroelectric facilities, wind farms, solar farms and energy storage facilities, Innergex is convinced that generating power from renewable sources will lead the way to a better world.