Madalena Energy (CVE:MVN) share price is above its 200-day moving average of $0.08

Shares of Madalena Energy Inc (CVE:MVN – Get Your Free Report ) broke above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.08 and traded as low as $0.08. Shares of Madalena Energy last traded at $0.08 with a volume of 111,000 shares trading.

Madalena Energy Price Performance

The company’s 50-day moving average price is $0.08 and its 200-day moving average price is $0.08. The stock has a market cap of $43.52 million and a P/E ratio of -26.67. The company has a quick ratio of 0.53, a current ratio of 0.84, and a debt-to-equity ratio of 17.24.

About Madalena Energy

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Madalena Energy Inc explores, develops and produces crude oil, natural gas liquids and natural gas. It primarily holds interests in the Surubi Block, covering an area of ​​90,824 acres, located in the Northwest Basin, Argentina; The Puesto Morales Block covering an area of ​​59,671 acres located in the Neuquén Basin, Argentina; and the Coiron Amargo Norte concession located in Argentina’s Neuquén Basin.

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