Capricorn Energy (LON:CNE) Stock Price Passes Above 200-Day Moving Average of $188.40

Capricorn Energy PLC (LON:CNE) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 188.40 ($2.52) and traded as high as GBX 200 ($2.68). Capricorn Energy shares last traded at GBX 199.20 ($2.66), with a volume of 50,205 shares changing hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group restated a “speculative buy” rating and issued a GBX 260 ($3.48) price objective on shares of Capricorn Energy in a research report on Tuesday, September 24th.

Capricorn Energy Stock Performance

The company has a current ratio of 2.56, a quick ratio of 6.29 and a debt-to-equity ratio of 32.44. The firm’s fifty day moving average is GBX 211.58 and its 200 day moving average is GBX 188.40. The company has a market cap of £139.52 million, a PE ratio of -474.29, a price-to-earnings-growth ratio of -1.92 and a beta of 1.35.

About Capricorn Energy

Capricorn Energy PLC, an independent energy company, engages in the exploration, development, production, and sale of oil and gas. It holds a portfolio of exploration, development, and production assets in the United Kingdom, Israel, Egypt, Mauritania, Mexico, and Suriname. The company was formerly known as Cairn Energy PLC and changed its name to Capricorn Energy PLC in December 2021.