Terrace Energy (CVE:TZR) Stock Crosses Below Fifty Day Moving Average – Here’s Why

Terrace Energy Corp. (CVE:TZR)’s share price passed below its fifty day moving average during trading on Thursday . 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.

Terrace Energy Stock Up 21.2%

The stock has a market capitalization of C$1.55 million, a PE ratio of 0.83 and a beta of -1.11. The firm’s fifty day moving average is C$0.20 and its 200-day moving average is C$0.20.

About Terrace Energy

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.