Capricorn Energy (LON:CNE) Stock Passes Above 200-Day Moving Average – Should You Sell?

Capricorn Energy PLC (LON:CNE)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 226.36 ($2.75) and traded as high as GBX 329.50 ($4.01). Capricorn Energy shares last traded at GBX 327 ($3.98), with a volume of 50,449 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group restated a “speculative buy” rating and issued a GBX 260 ($3.16) price target on shares of Capricorn Energy in a report on Tuesday, September 24th.

Capricorn Energy Stock Performance

The firm has a market capitalization of £230.77 million, a price-to-earnings ratio of -767.44, a price-to-earnings-growth ratio of -1.92 and a beta of 1.35. The company has a debt-to-equity ratio of 32.44, a quick ratio of 6.29 and a current ratio of 2.56. The stock’s fifty day moving average is GBX 269.70 and its two-hundred day moving average is GBX 229.55.

Capricorn Energy Company Profile