Innergex Renewable Energy (OTCMKTS:INGXF) Stock Crosses Below 50 Day Moving Average – Here’s What Happened

Innergex Renewable Energy Inc. (OTCMKTS:INGXF)’s stock price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $10.11 and traded as low as $10.1050. Innergex Renewable Energy shares last traded at $10.1050, with a volume of 1,500 shares.

Innergex Renewable Energy Trading Up 0.7%

The stock has a market capitalization of $2.05 billion, a P/E ratio of 72.18 and a beta of 0.60. The business has a 50 day simple moving average of $10.11 and a 200-day simple moving average of $10.09. The company has a debt-to-equity ratio of 4.51, a quick ratio of 0.67 and a current ratio of 0.67.

About Innergex Renewable Energy

Innergex Renewable Energy Inc is a Canadian independent power producer focused on the development, ownership and operation of renewable energy facilities. The company’s core activities span hydroelectric, wind and solar power plants, as well as battery energy storage systems. Through long-term power purchase agreements, Innergex supplies clean electricity to utilities, municipalities and industrial customers, contributing to the transition away from fossil-fuel generation.

Founded in 1990 and headquartered in Longueuil, Québec, Innergex has built a diversified portfolio of renewable assets across multiple jurisdictions.