Toro Energy (OTCMKTS:TOEYF) Stock Passes Below 50 Day Moving Average – What’s Next?

Toro Energy Ltd. (OTCMKTS:TOEYF)’s share price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $0.33 and traded as low as $0.3250. Toro Energy shares last traded at $0.3250, with a volume of 10,000 shares.

Toro Energy Stock Performance

The stock’s 50-day simple moving average is $0.33 and its two-hundred day simple moving average is $0.25.

Toro Energy Company Profile

Toro Energy (OTCMKTS:TOEYF) is an Australia‐based company focused on the exploration and development of uranium and rare earth mineral projects. Headquartered in Perth, Western Australia, Toro Energy advances its projects from early exploration through to feasibility and permitting stages, targeting markets that require secure long‐term supplies of nuclear fuel and critical minerals. The company maintains a technical team that applies modern geological and metallurgical methods to assess resource potential and project viability.

The company’s flagship asset is the Wiluna Uranium Project, located in the northern Goldfields region of Western Australia.