Ceres Global (TSE:CRP) Share Price Crosses Below 50 Day Moving Average – Here’s What Happened

Ceres Global Ag Corp. (TSE:CRP)’s share price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$6.11 and traded as low as C$6.10. Ceres Global shares last traded at C$6.11, with a volume of 18,100 shares trading hands.

Ceres Global Trading Down 1.6%

The company has a current ratio of 1.50, a quick ratio of 0.28 and a debt-to-equity ratio of 40.43. The firm has a 50-day moving average of C$6.11 and a 200 day moving average of C$5.15. The company has a market cap of C$124.80 million, a P/E ratio of 24.98 and a beta of 0.22.

Ceres Global Company Profile

Ceres Global Ag Corp is engaged in the agricultural, energy, and industrial supply chains through sourcing, storing, transporting, and marketing of commodity-based products and raw materials. It has three operating segments. The Grain segment, which is the key revenue driver, is engaged in grain procurement and merchandising of specialty grains and oilseeds such as oats, barley, rye, hard red spring wheat, durum wheat, canola, and pulses.