Altura Energy (CVE:ATU) Stock Price Passes Below 50-Day Moving Average – Should You Sell?

Altura Energy Inc. (CVE:ATU) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$0.38 and traded as low as C$0.36. Altura Energy shares last traded at C$0.38, with a volume of 507,620 shares trading hands.

Altura Energy Price Performance

The firm has a market cap of C$103.67 million and a PE ratio of 4.52. The firm has a fifty day simple moving average of C$0.38 and a two-hundred day simple moving average of C$0.38. The company has a debt-to-equity ratio of 14.63, a quick ratio of 0.33 and a current ratio of 0.37.

About Altura Energy

Altura Energy Inc operates as a junior oil and gas exploration, development, and production company in central Alberta. As of December 31, 2020, the company held a 89% working interest in 44,353 acres of land at Leduc-Woodbend Rex Pool property; and a 54.1% working interest in 1,920 acres of land in the Leduc-Woodbend Glauconitic D Unit No.1 property.