Terrace Energy (CVE:TZR) Share Price Crosses Below 50 Day Moving Average – Time to Sell?

Terrace Energy Corp. (CVE:TZRGet Free Report)’s share price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$0.20 and traded as low as C$0.20. Terrace Energy shares last traded at C$0.20, with a volume of 3,500 shares trading hands.

Terrace Energy Stock Performance

The company has a 50 day moving average price of C$0.20 and a 200 day moving average price of C$0.20. The firm has a market cap of C$1.55 million, a price-to-earnings ratio of 0.83 and a beta of -1.11.

About Terrace Energy

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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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