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Capricorn Energy (LON:CNE) Stock Crosses Above Two Hundred Day Moving Average - Here's Why

Capricorn Energy logo with Energy background

Capricorn Energy PLC (LON:CNE - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 196.69 ($2.56) and traded as high as GBX 214.63 ($2.79). Capricorn Energy shares last traded at GBX 213 ($2.77), with a volume of 19,097 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a "speculative buy" rating and set a GBX 260 ($3.38) target price on shares of Capricorn Energy in a report on Tuesday, September 24th.

Read Our Latest Research Report on CNE

Capricorn Energy Stock Up 0.5 %

The stock's fifty day moving average price is GBX 214.32 and its 200-day moving average price is GBX 197.05. The company has a quick ratio of 6.29, a current ratio of 2.56 and a debt-to-equity ratio of 32.44. The company has a market capitalization of £149.65 million, a price-to-earnings ratio of -493.02, a P/E/G ratio of -1.92 and a beta of 1.35.

Capricorn Energy Company Profile

(Get Free Report)

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.

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