Ceres Global (TSE:CRP) Shares Cross Above 50-Day Moving Average – Here’s Why

Shares of Ceres Global Ag Corp. (TSE:CRPGet Free Report) passed above its fifty day moving average during trading on Friday . The stock has a fifty 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 company has a fifty day moving average price of C$6.11 and a 200 day moving average price of C$5.62. The company has a market capitalization of C$124.81 million, a P/E ratio of 24.98 and a beta of 0.22. The company has a debt-to-equity ratio of 40.43, a current ratio of 1.50 and a quick ratio of 0.28.

About Ceres Global

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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.

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