Ceres Global (TSE:CRP) Share Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Ceres Global Ag Corp. (TSE:CRPGet Free Report)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$6.11 and traded as low as C$6.10. Ceres Global shares last traded at C$6.11, with a volume of 18,100 shares traded.

Ceres Global Stock Performance

The firm’s 50 day moving average is C$6.11 and its 200 day moving average is C$6.11. The company has a debt-to-equity ratio of 38.49, a quick ratio of 0.28 and a current ratio of 1.92. The stock has a market cap of C$124.80 million, a P/E ratio of 24.98 and a beta of 0.22.

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. The Supply Chain Services segment utilizes the corporation’s facilities to provide logistics services, storage, and transloading for commodities and industrial products.

Further Reading

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