Capricorn Energy (LON:CNE) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Capricorn Energy PLC (LON:CNE) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 199.23 ($2.51) and traded as high as GBX 214.50 ($2.70). Capricorn Energy shares last traded at GBX 213 ($2.68), with a volume of 30,963 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 260 ($3.28) price objective on shares of Capricorn Energy in a research note on Tuesday, September 24th.

Capricorn Energy Stock Performance

The stock’s fifty day simple moving average is GBX 212.28 and its two-hundred day simple moving average is GBX 199.23. The company has a market cap of £148.95 million, a price-to-earnings ratio of -495.35, a price-to-earnings-growth ratio of -1.92 and a beta of 1.35. The company has a debt-to-equity ratio of 32.44, a quick ratio of 6.29 and a current ratio of 2.56.

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.