Terrace Energy (CVE:TZR) Stock Passes Above 50 Day Moving Average – Should You Sell?

Terrace Energy Corp. (CVE:TZR)’s stock price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$0.20 and traded as high as C$0.20. Terrace Energy shares last traded at C$0.20, with a volume of 3,500 shares trading hands.

Terrace Energy Trading Up 21.2 %

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

Terrace Energy (CVE:TZR) last announced its earnings results on Monday, September 30th. The company reported C($0.01) earnings per share for the quarter.

Terrace Energy Company Profile

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.