Madalena Energy (CVE:MVN) Share Price Crosses Above 200 Day Moving Average – Here’s Why

by · The Markets Daily

Shares of Madalena Energy Inc (CVE:MVN – Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.08 and traded as high as C$0.08. Madalena Energy shares last traded at C$0.08, with a volume of 111,000 shares.

Madalena Energy Trading Down 5.9 %

The company has a debt-to-equity ratio of 17.24, a current ratio of 0.84 and a quick ratio of 0.53. The stock has a market cap of C$43.52 million and a PE ratio of -26.67. The stock has a 50-day moving average price of C$0.08 and a two-hundred day moving average price of C$0.08.

Madalena Energy Company Profile

(Get Free Report)

Madalena Energy Inc explores for, develops, and produces crude oil, natural gas liquids, and natural gas. It primarily holds interest in the Surubi Block covering an area of 90,824 acres located in the Northwest Basin, Argentina; Puesto Morales Block that covers an area of 59,671 acres located in the Neuquén Basin, Argentina; and Coiron Amargo Norte concession located in the Neuquén Basin of Argentina.

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