Capricorn Energy (LON:CNE) Shares Cross Above 200 Day Moving Average – Here’s Why

Capricorn Energy PLC (LON:CNE)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 199.23 ($2.51) and traded as high as GBX 214.50 ($2.70). Capricorn Energy shares last traded at GBX 213 ($2.68), with a volume of 30,963 shares trading hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 260 ($3.28) price objective on shares of Capricorn Energy in a research note on Tuesday, September 24th.

Capricorn Energy Price Performance

The firm has a fifty day moving average of GBX 212.28 and a two-hundred day moving average of GBX 199.44. The stock has a market capitalization of £148.95 million, a P/E ratio of -495.35, a P/E/G ratio of -1.92 and a beta of 1.35. The company has a debt-to-equity ratio of 32.44, a current ratio of 2.56 and a quick ratio of 6.29.

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.