BlackPearl Resources (TSE:PXX) Stock Crosses Above 200-Day Moving Average – Time to Sell?

BlackPearl Resources Inc. (TSE:PXX)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$0.00 and traded as high as C$1.10. BlackPearl Resources shares last traded at C$1.03, with a volume of 319,927 shares trading hands.

BlackPearl Resources Stock Down 3.7 %

The stock has a market cap of C$347.38 million and a P/E ratio of -41.20. The company has a current ratio of 0.38, a quick ratio of 0.35 and a debt-to-equity ratio of 19.57. The business’s 50-day simple moving average is C$1.03.

BlackPearl Resources Company Profile

BlackPearl Resources Inc engages in the acquisition, exploration, development, and production of heavy crude oil, bitumen, and natural gas in Canada. Its principal properties include the Blackrod oil sands project with oil sand leases and permits covering an area of approximately 44,581 net acres situated in the Blackrod area of northern Alberta; the Onion Lake oil property with an area of approximately 10,856 net acres located in Saskatchewan; and Mooney crude oil property with an area of approximately 20,160 net acres located in north-central Alberta.