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

Ceres Global Ag Corp. (TSE:CRP)’s share price passed above its 50-day moving average during trading on Friday . 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 trading hands.

Ceres Global Price Performance

The stock has a market capitalization of C$124.81 million, a PE ratio of 24.98 and a beta of 0.22. The company has a debt-to-equity ratio of 46.53, a quick ratio of 0.28 and a current ratio of 2.30. The stock’s 50 day moving average is C$6.11 and its two-hundred day moving average is C$6.11.

About Ceres Global

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. The Supply Chain Services segment utilizes the corporation’s facilities to provide logistics services, storage, and transloading for commodities and industrial products.