Ncondezi Energy (LON:NCCL) Share Price Crosses Above 50-Day Moving Average of $6.52

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Shares of Ncondezi Energy Ltd (LON:NCCL) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $6.52 and traded as high as $6.24. Ncondezi Energy shares last traded at $6.05, with a volume of 867,684 shares trading hands.

The business’s 50-day moving average price is GBX 6.48 and its 200 day moving average price is GBX 6.75. The company has a market capitalization of $19.96 million and a P/E ratio of -4.72. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 36.92.

Ncondezi Energy Company Profile (LON:NCCL)

Ncondezi Energy Limited, a power development company, focuses on the phased development of thermal coal fired power plant and mine in Mozambique. It operates in Mine Project and Power Project segments. The company develops a 300MW integrated power plant and mine to produce and supply electricity to the Mozambican market.

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