Altura Energy (CVE:ATU) Stock Passes Below 50-Day Moving Average – Here’s What Happened

Shares of Altura Energy Inc. (CVE:ATUGet Free Report) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$0.38 and traded as low as C$0.36. Altura Energy shares last traded at C$0.38, with a volume of 507,620 shares trading hands.

Altura Energy Price Performance

The company’s fifty day moving average is C$0.38 and its two-hundred day moving average is C$0.38. The company has a debt-to-equity ratio of 14.63, a quick ratio of 0.33 and a current ratio of 0.37. The firm has a market cap of C$103.67 million and a price-to-earnings ratio of 4.52.

About Altura Energy

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Altura Energy Inc operates as a junior oil and gas exploration, development, and production company in central Alberta. As of December 31, 2020, the company held a 89% working interest in 44,353 acres of land at Leduc-Woodbend Rex Pool property; and a 54.1% working interest in 1,920 acres of land in the Leduc-Woodbend Glauconitic D Unit No.1 property.

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