Terrace Energy (CVE:TZR) Share Price Crosses Above 50 Day Moving Average – Here’s Why

Terrace Energy Corp. (CVE:TZRGet Free Report) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$0.20 and traded as high as C$0.20. Terrace Energy shares last traded at C$0.20, with a volume of 3,500 shares.

Terrace Energy Stock Up 21.2 %

The firm has a market capitalization of C$1.55 million, a price-to-earnings ratio of 0.83 and a beta of -1.11. The company’s fifty day moving average is C$0.20 and its two-hundred day moving average is C$0.20.

Terrace Energy (CVE:TZRGet Free Report) last posted its quarterly earnings results on Monday, September 30th. The company reported C($0.01) earnings per share for the quarter.

Terrace Energy Company Profile

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Terrace Energy Corp. does not have significant operations. Previously it was engaged in the acquisition, exploration, and development of conventional onshore oil and gas properties in the United States. The company was formerly known as Terrace Resources Inc and changed its name to Terrace Energy Corp.

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