Capricorn Energy (LON:CNE) Share Price Passes Above 200-Day Moving Average – Here’s What Happened

Shares of Capricorn Energy PLC (LON:CNE) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 254.54 ($3.29) and traded as high as GBX 258.50 ($3.34). Capricorn Energy shares last traded at GBX 255.50 ($3.30), with a volume of 7,609 shares changing hands.

Analysts Set New Price Targets

Separately, Shore Capital reiterated a “buy” rating on shares of Capricorn Energy in a research report on Thursday, January 23rd.

Capricorn Energy Stock Up 2.5 %

The company has a market capitalization of £235.92 million, a PE ratio of -2.65, a price-to-earnings-growth 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. The firm has a 50-day moving average of GBX 296.48 and a two-hundred day moving average of GBX 254.71.

About Capricorn Energy