Buffalo Coal (CVE:BUF) Share Price Crosses Below 50 Day Moving Average – Here’s Why
by Tristan Rich · The Markets DailyBuffalo Coal Corp. (CVE:BUF – Get Free Report) shares passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$0.01 and traded as low as C$0.01. Buffalo Coal shares last traded at C$0.01, with a volume of 26,000 shares traded.
Buffalo Coal Price Performance
The stock has a market capitalization of C$7.37 million, a price-to-earnings ratio of -3.33 and a beta of 0.58. The business’s fifty day moving average price is C$0.01 and its 200-day moving average price is C$0.01.
About Buffalo Coal
Buffalo Coal Corp., together with its subsidiaries, operates as a coal mining company in South Africa. It primarily focuses on the Aviemore anthracite mine covering an area of approximately 5,513 hectares and Magdalena mine covering an area of approximately 1,844 hectares located in the Kwa-Zulu, Natal Province of South Africa. The company was formerly known as Forbes & Manhattan Coal Corp. and changed its name to Buffalo Coal Corp. in July 2014. Buffalo Coal Corp. is headquartered in Dundee, South Africa.