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

Capricorn Energy PLC (LON:CNE) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 192.98 ($2.52) and traded as high as GBX 218.50 ($2.85). Capricorn Energy shares last traded at GBX 216.50 ($2.83), with a volume of 27,248 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and issued a GBX 260 ($3.40) price objective on shares of Capricorn Energy in a report on Tuesday, September 24th.

Capricorn Energy Trading Up 1.2 %

The firm has a market cap of £153.15 million, a price-to-earnings ratio of -503.49, a PEG ratio of -1.92 and a beta of 1.35. The company has a fifty day moving average price of GBX 217.02 and a 200-day moving average price of GBX 192.98. The company has a current ratio of 2.56, a quick ratio of 6.29 and a debt-to-equity ratio of 32.44.

Capricorn Energy Company Profile

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.