Aberdeen International (TSE:AAB) Share Price Crosses Below 50 Day Moving Average – Here’s Why

Aberdeen International Inc. (TSE:AAB)’s stock price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$0.05 and traded as low as C$0.04. Aberdeen International shares last traded at C$0.04, with a volume of 217,000 shares traded.

Aberdeen International Stock Performance

The firm has a market cap of C$5.80 million, a price-to-earnings ratio of -0.50 and a beta of 1.83. The stock has a 50-day moving average of C$0.05 and a 200-day moving average of C$0.05. The company has a debt-to-equity ratio of 0.43, a quick ratio of 22.09 and a current ratio of 3.93.

Aberdeen International Company Profile

Aberdeen International Inc, a resource investment and merchant banking company, focuses on small capitalization companies in the metals and mining sector and renewal energy sectors. It focuses on green energy, agriculture, renewable, natural resource, and natural resource related industries. The company intends to acquire equity participation in pre-IPO and early-stage public resource companies with undeveloped or undervalued resources and assets; companies in need of managerial, technical, and financial resources; companies undervalued in foreign capital markets; and companies operating in jurisdictions with low to moderate local political risk.