Capricorn Energy (LON:CNE) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Shares of Capricorn Energy PLC (LON:CNE) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 238.39 ($2.96) and traded as high as GBX 318 ($3.95). Capricorn Energy shares last traded at GBX 314 ($3.90), with a volume of 25,342 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reiterated a “buy” rating on shares of Capricorn Energy in a report on Thursday, January 23rd.

Capricorn Energy Stock Performance

The company has a quick ratio of 6.29, a current ratio of 2.56 and a debt-to-equity ratio of 32.44. The firm has a market capitalization of £219.58 million, a price-to-earnings ratio of -730.23, a P/E/G ratio of -1.92 and a beta of 1.35. The business has a 50-day moving average price of GBX 288.85 and a 200-day moving average price of GBX 238.39.

About Capricorn Energy