Ceres Global (TSE:CRP) Shares Down 1.6% – What’s Next?

Ceres Global Ag Corp. (TSE:CRP) shares dropped 1.6% during mid-day trading on Friday. The company traded as low as C$6.10 and last traded at C$6.11. Approximately 18,100 shares were traded during mid-day trading, a decline of 36% from the average session volume of 28,366 shares. The stock had previously closed at C$6.21.

Ceres Global Price Performance

The company has a debt-to-equity ratio of 38.49, a current ratio of 1.92 and a quick ratio of 0.28. The firm has a market cap of C$124.80 million, a PE ratio of 24.98 and a beta of 0.22. The firm has a 50-day simple moving average of C$6.11 and a 200 day simple moving average of C$6.11.

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