Ceres Global (TSE:CRP) Share Price Passes Below 50-Day Moving Average – Here’s Why

Shares of Ceres Global Ag Corp. (TSE:CRP) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 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 Price Performance

The business’s 50 day moving average is C$6.11 and its two-hundred day moving average is C$6.11. The company has a debt-to-equity ratio of 40.43, a current ratio of 1.50 and a quick ratio of 0.28. The firm has a market capitalization of C$124.80 million, a PE ratio of 24.98 and a beta of 0.22.

Ceres Global Company Profile

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.