Terrace Energy (CVE:TZR) Share Price Passes Below 50-Day Moving Average – What’s Next?

Terrace Energy Corp. (CVE:TZR – Get Free Report) shares 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 changing hands.

Terrace Energy Stock Up 21.2%

The firm has a market capitalization of C$1.55 million, a PE ratio of 0.83 and a beta of -1.11. The stock has a 50-day moving average price of C$0.20 and a 200 day moving average price of C$0.20.

Terrace Energy Company Profile

(Get Free Report)

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. in June 2011. Terrace Energy Corp. was incorporated in 2006 and is headquartered in The Woodlands, Texas.

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