Madalena Energy (CVE:MVN) Stock Crosses Above 200 Day Moving Average – What’s Next?

Madalena Energy Inc (CVE:MVN)’s share price crossed above its 200-day moving average during trading on Thursday . 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 trading hands.

Madalena Energy Stock Down 5.9%

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

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.