Ceres Global (TSE:CRP) Shares Cross Above 50-Day Moving Average – What’s Next?

Ceres Global Ag Corp. (TSE:CRP) shares passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$6.11 and traded as high as C$6.11. Ceres Global shares last traded at C$6.11, with a volume of 18,100 shares changing hands.

Ceres Global Price Performance

The stock’s 50-day simple moving average is C$6.11 and its 200 day simple moving average is C$5.28. The company has a quick ratio of 0.28, a current ratio of 1.50 and a debt-to-equity ratio of 40.43. The company has a market cap of C$124.80 million, a price-to-earnings ratio of 24.98 and a beta of 0.22.

Ceres Global Company Profile

Ceres Global Ag Corp is engaged in the agricultural, energy, and industrial supply chains through sourcing, storing, transporting, and marketing of commodity-based products and raw materials. It has three operating segments. The Grain segment, which is the key revenue driver, is engaged in grain procurement and merchandising of specialty grains and oilseeds such as oats, barley, rye, hard red spring wheat, durum wheat, canola, and pulses.