Ceres Global (TSE:CRP) Share Price Crosses Above Fifty Day Moving Average – Should You Sell?

Shares of Ceres Global Ag Corp. (TSE:CRP) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$6.11 and traded as high as C$6.11. Ceres Global shares last traded at C$6.11, with a volume of 18,100 shares traded.

Ceres Global Price Performance

The stock has a 50-day simple moving average of C$6.11 and a 200 day simple moving average of C$6.11. The stock has a market capitalization of C$124.80 million, a P/E ratio of 24.98 and a beta of 0.22. The company has a debt-to-equity ratio of 40.43, a quick ratio of 0.28 and a current ratio of 1.50.

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.