Ceres Global (TSE:CRP) Stock Price Passes Below 200-Day Moving Average – What’s Next?

Ceres Global Ag Corp. (TSE:CRP)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-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 changing hands.

Ceres Global Stock Down 1.6%

The firm has a fifty day moving average of C$6.11 and a 200-day moving average of C$6.11. The company has a quick ratio of 0.28, a current ratio of 1.92 and a debt-to-equity ratio of 38.49. The firm has a market cap of C$124.80 million, a P/E ratio of 24.98 and a beta of 0.22.

About Ceres Global

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. The Supply Chain Services segment utilizes the corporation’s facilities to provide logistics services, storage, and transloading for commodities and industrial products.