Ncondezi Energy (LON:NCCL) Shares Pass Below Two Hundred Day Moving Average – Here’s What Happened

by · The Markets Daily

Ncondezi Energy Limited (LON:NCCL – Get Free Report)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 0.83 ($0.01) and traded as low as GBX 0.80 ($0.01). Ncondezi Energy shares last traded at GBX 0.83 ($0.01), with a volume of 550,000 shares.

Ncondezi Energy Trading Down 5.7 %

The company has a market capitalization of £4.67 million, a PE ratio of -1.75 and a beta of 1.05. The stock’s fifty day moving average price is GBX 0.83 and its two-hundred day moving average price is GBX 0.83. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 44.11.

About Ncondezi Energy

(Get Free Report)

Ncondezi Energy Limited, a power development company, focuses on the phased development of thermal coal power plant and mine project in Mozambique. It operates through C&I Solar PV and Battery Storage Project; and Power Project and Mine 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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