Crown Point Energy (CVE:CWV) Hits New 1-Year High – Should You Buy?

Crown Point Energy Inc. (CVE:CWV) shares hit a new 52-week high during trading on Tuesday . The company traded as high as C$0.13 and last traded at C$0.13, with a volume of 66003 shares. The stock had previously closed at C$0.07.

Crown Point Energy Stock Up 85.7 %

The stock has a market cap of C$9.48 million, a PE ratio of -0.87 and a beta of 2.09. The company has a quick ratio of 0.42, a current ratio of 0.17 and a debt-to-equity ratio of 238.79. The business has a 50 day moving average price of C$0.08 and a 200 day moving average price of C$0.07.

Crown Point Energy (CVE:CWV) last posted its quarterly earnings results on Monday, November 11th. The company reported C($0.04) EPS for the quarter. Crown Point Energy had a negative net margin of 40.22% and a negative return on equity of 45.19%.

About Crown Point Energy

Crown Point Energy Inc explores for, develops, and produces petroleum and natural gas properties in Argentina. The company holds a 100% working interest in the Cerro de Los Leones exploration concession which covers an area of 101,208 acres located in the Neuquén Basin, Argentina. It also has 34.74% non-operated working interest in the Rio Cullen, La Angostura, and Las Violetas exploitation concessions that covers an area of 489,000 gross acres in Tierra del Fuego; and 50% non-operated working interest in the Chañares Herrados exploitation concession, which covers an area of 10,057 gross acres located in the Cuyano Basin.