Shares of Madalena Energy Inc (CVE:MVN – Get Free Report) crossed 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 traded.
Madalena Energy Trading Down 5.9 %
The business’s 50 day moving average price is C$0.08 and its two-hundred day moving average price is C$0.08. The company has a debt-to-equity ratio of 17.24, a quick ratio of 0.53 and a current ratio of 0.84. The company has a market capitalization of C$43.52 million and a price-to-earnings ratio of -26.67.
About Madalena Energy
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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