Terrace Energy (CVE:TZR) Share Price Crosses Above 50-Day Moving Average – Here’s What Happened

Terrace Energy Corp. (CVE:TZR) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$0.20 and traded as high as C$0.20. Terrace Energy shares last traded at C$0.20, with a volume of 3,500 shares trading hands.

Terrace Energy Trading Up 21.2 %

The stock has a market capitalization of C$1.55 million, a price-to-earnings ratio of 0.83 and a beta of -1.11. The company’s 50-day simple moving average is C$0.20 and its 200-day simple moving average is C$0.20.

Terrace Energy Company Profile

Terrace Energy Corp. does not have significant operations. Previously it was engaged in the acquisition, exploration, and development of conventional onshore oil and gas properties in the United States. The company was formerly known as Terrace Resources Inc and changed its name to Terrace Energy Corp.