Ncondezi Energy (LON:NCCL) Share Price Passes Below Two Hundred Day Moving Average of $2.26

Ncondezi Energy Limited (LON:NCCL)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 2.26 ($0.03) and traded as low as GBX 1.21 ($0.02). Ncondezi Energy shares last traded at GBX 1.21 ($0.02), with a volume of 429,547 shares traded.

The business’s 50-day simple moving average is GBX 1.40 and its two-hundred day simple moving average is GBX 2.26. The firm has a market cap of £4.97 million and a price-to-earnings ratio of -3.03. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 39.81.

About Ncondezi Energy (LON:NCCL)

Ncondezi Energy Limited, a power development company, focuses on the phased development of integrated coal fired power plant and mine project in Mozambique. It operates through Solar PV & Battery Storage Project; and Power & Mine Project segments. The company develops a 300MW integrated power plant and mine to produce and supply electricity to the Mozambican market.

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