Crown Point Energy (CVE:CWV) Share Price Passes Below 200 Day Moving Average – Should You Sell?

Crown Point Energy Inc. (CVE:CWV) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.19 and traded as low as C$0.17. Crown Point Energy shares last traded at C$0.17, with a volume of 47,000 shares traded.

Crown Point Energy Price Performance

The company has a market cap of C$53.19 million, a P/E ratio of 2.30 and a beta of -1.66. The stock has a 50-day moving average of C$0.16 and a 200 day moving average of C$0.19. The company has a debt-to-equity ratio of 751.05, a current ratio of 0.45 and a quick ratio of 0.42.

About Crown Point Energy

Crown Point Energy Inc explores for, develops, and produces petroleum and natural gas properties in Argentina. The company holds a 100% working interest in the Cerro de Los Leones exploration concession which covers an area of 101,208 acres located in the Neuquén Basin, Argentina. It also has 34.74% non-operated working interest in the Rio Cullen, La Angostura, and Las Violetas exploitation concessions that covers an area of 489,000 gross acres in Tierra del Fuego; and 50% non-operated working interest in the Chañares Herrados exploitation concession, which covers an area of 10,057 gross acres located in the Cuyano Basin.