Ncondezi Energy (LON:NCCL) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Ncondezi Energy Limited (LON:NCCL)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 0.83 ($0.01) and traded as high as GBX 0.85 ($0.01). Ncondezi Energy shares last traded at GBX 0.83 ($0.01), with a volume of 550,000 shares.

Ncondezi Energy Stock Performance

The business’s fifty day moving average price is GBX 0.83 and its 200 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. The firm has a market capitalization of £4.67 million, a PE ratio of -1.75 and a beta of 1.05.

About Ncondezi Energy

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.