Ncondezi Energy (LON:NCCL) Share Price Passes Below Two Hundred Day Moving Average of $6.42
Ncondezi Energy Ltd (LON:NCCL) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $6.42 and traded as low as $4.70. Ncondezi Energy shares last traded at $4.80, with a volume of 66,818 shares trading hands.
The business’s 50 day moving average is GBX 5.25 and its 200-day moving average is GBX 6.41. The firm has a market capitalization of $15.60 million and a P/E ratio of -5.94. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 28.00.
About Ncondezi Energy (LON:NCCL)
Ncondezi Energy Limited, a power development company, focuses on the phased development of thermal coal fired power plant and mine in Mozambique. It operates in Mine Project and Power Project segments. The company develops a 300MW integrated power plant and mine to produce and supply electricity to the Mozambican market.
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