Crown Point Energy (CVE:CWV) Shares Cross Below 200 Day Moving Average of $0.06

Crown Point Energy Inc. (CVE:CWV) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.06 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 changing hands.

Crown Point Energy Stock Performance

The firm has a fifty day moving average of C$0.06 and a 200-day moving average of C$0.06. The company has a quick ratio of 0.42, a current ratio of 0.39 and a debt-to-equity ratio of 168.97. The firm has a market cap of C$4.37 million, a P/E ratio of -0.40 and a beta of 2.54.

Crown Point Energy (CVE:CWV) last issued its earnings results on Tuesday, March 12th. The company reported C($0.10) earnings per share (EPS) for the quarter. Crown Point Energy had a negative net margin of 36.95% and a negative return on equity of 37.17%. The business had revenue of C$7.53 million during the quarter.

About Crown Point Energy

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.