Capricorn Energy (LON:CNE) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Capricorn Energy PLC (LON:CNE) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 226.36 ($2.75) and traded as high as GBX 329.50 ($4.01). Capricorn Energy shares last traded at GBX 327 ($3.98), with a volume of 50,449 shares.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated a “speculative buy” rating and issued a GBX 260 ($3.16) price target on shares of Capricorn Energy in a research report on Tuesday, September 24th.

Capricorn Energy Stock Up 1.5 %

The firm’s fifty day simple moving average is GBX 269.70 and its 200-day simple moving average is GBX 229.55. The company has a market cap of £230.77 million, a PE ratio of -767.44, a P/E/G ratio of -1.92 and a beta of 1.35. The company has a quick ratio of 6.29, a current ratio of 2.56 and a debt-to-equity ratio of 32.44.

About Capricorn Energy