Capricorn Energy (LON:CNE) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Shares of Capricorn Energy PLC (LON:CNE) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 226.36 ($2.77) and traded as high as GBX 329.50 ($4.03). Capricorn Energy shares last traded at GBX 327 ($4.00), with a volume of 50,449 shares trading hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 260 ($3.18) price target on shares of Capricorn Energy in a research note on Tuesday, September 24th.

Capricorn Energy Stock Performance

The firm has a market cap of £230.42 million, a price-to-earnings ratio of -766.28, a PEG 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. The company has a 50 day moving average of GBX 265.14 and a 200 day moving average of GBX 227.44.

About Capricorn Energy