Ceres Global (TSE:CRP) Shares Cross Below 200-Day Moving Average – Time to Sell?
by Mitch Edgeman · The Markets DailyCeres Global Ag Corp. (TSE:CRP – Get Free Report)’s stock price passed below its 200-day moving average during trading on Monday . 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 traded.
Ceres Global Price Performance
The company’s 50-day moving average is C$6.11 and its two-hundred day moving average is C$6.11. 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 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.