Energold Drilling (CVE:EGD) Shares Pass Above 50 Day Moving Average – Should You Sell?

Energold Drilling Corp (CVE:EGD)’s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$0.04 and traded as high as C$0.05. Energold Drilling shares last traded at C$0.05, with a volume of 5,120 shares trading hands.

Energold Drilling Stock Performance

The firm has a market capitalization of C$2.46 million and a price-to-earnings ratio of -0.16. The company has a 50-day moving average price of C$0.04 and a 200-day moving average price of C$0.04. The company has a quick ratio of 0.89, a current ratio of 2.00 and a debt-to-equity ratio of 80.31.

About Energold Drilling

Energold Drilling Corp., together with its subsidiaries, provides drilling services primarily in Mexico, the Caribbean, rest of North America, Central America, South America, Europe, and Africa. The company operates through three segments: Minerals, Energy, and Manufacturing. It offers mineral drilling services, including surface and underground drilling, and conventional drilling services; and oil sands coring, shot hole seismic, and geothermal and geotechnical drilling services, as well as water well drilling services, such as mine pit de-watering, mine water supply, mine hydrogeological characterization and well monitoring, and rural and urban water well drilling schemes, as well as offers horizontal directional drilling services.