Ceres Global (TSE:CRP) Stock Passes Above 50-Day Moving Average – Here’s What Happened

Shares of Ceres Global Ag Corp. (TSE:CRP) passed above its 50-day moving average during trading on Wednesday . 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 trading hands.

Ceres Global Stock Down 1.6%

The company has a market cap of C$124.80 million, a PE ratio of 24.98 and a beta of 0.22. The firm has a 50-day simple moving average of C$6.11 and a two-hundred day simple moving average of C$6.11. The company has a debt-to-equity ratio of 46.53, a current ratio of 2.30 and a quick ratio of 0.28.

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.