Madalena Energy (CVE:MVN) Stock Price Crosses Above Two Hundred Day Moving Average of $0.08

Madalena Energy Inc (CVE:MVN – Get Rating) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 Stock Performance

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

About Madalena Energy

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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.