Capricorn Energy (LON:CNE) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Capricorn Energy PLC (LON:CNE) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 194.81 ($2.53) and traded as high as GBX 214 ($2.78). Capricorn Energy shares last traded at GBX 214 ($2.78), with a volume of 24,826 shares traded.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 260 ($3.38) price objective on shares of Capricorn Energy in a research note on Tuesday, September 24th.

Capricorn Energy Stock Up 0.2 %

The business has a 50-day moving average price of GBX 216.47 and a 200-day moving average price of GBX 194.81. The company has a market capitalization of £149.65 million, a price-to-earnings ratio of -497.67, a price-to-earnings-growth ratio of -1.92 and a beta of 1.35. The company has a quick ratio of 6.29, a current ratio of 2.56 and a debt-to-equity ratio of 32.44.

About Capricorn Energy

Capricorn Energy PLC, an independent energy company, engages in the exploration, development, production, and sale of oil and gas. It holds a portfolio of exploration, development, and production assets in the United Kingdom, Israel, Egypt, Mauritania, Mexico, and Suriname. The company was formerly known as Cairn Energy PLC and changed its name to Capricorn Energy PLC in December 2021.