Terrace Energy (CVE:TZR) Stock Price Crosses Above 50 Day Moving Average – What’s Next?

Terrace Energy Corp. (CVE:TZR) shares passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$0.20 and traded as high as C$0.20. Terrace Energy shares last traded at C$0.20, with a volume of 3,500 shares changing hands.

Terrace Energy Price Performance

The company has a market capitalization of C$1.55 million, a PE ratio of 0.83 and a beta of -1.11. The business’s 50 day simple moving average is C$0.20 and its 200 day simple moving average is C$0.20.

About Terrace Energy

Terrace Energy Corp. does not have significant operations. Previously it was engaged in the acquisition, exploration, and development of conventional onshore oil and gas properties in the United States. The company was formerly known as Terrace Resources Inc and changed its name to Terrace Energy Corp. in June 2011. Terrace Energy Corp. was incorporated in 2006 and is headquartered in The Woodlands, Texas.