Madalena Energy (CVE:MVN) Stock Price Passes Above 200 Day Moving Average of $0.00

Madalena Energy Inc (CVE:MVN) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.00 and traded as high as $0.15. Madalena Energy shares last traded at $0.15, with a volume of 58,775 shares.

The company has a market cap of $81.61 million and a price-to-earnings ratio of -25.00. The firm has a 50-day moving average price of C$0.15 and a 200 day moving average price of C$0.14. The company has a current ratio of 0.83, a quick ratio of 0.61 and a debt-to-equity ratio of 5.15.

In related news, Director Alejandro Augusto Penafiel purchased 215,000 shares of the business’s stock in a transaction that occurred on Friday, July 19th. The shares were acquired at an average price of C$0.15 per share, with a total value of C$32,164.00. Following the acquisition, the director now owns 560,000 shares in the company, valued at approximately C$83,776.

About Madalena Energy (CVE:MVN)

Madalena Energy Inc explores for, develops, and produces crude oil, natural gas liquids, and natural gas. It primarily holds interest in the Surubi Block covering an area of 90,824 acres located in the Northwest Basin, Argentina; Puesto Morales Block that covers an area of 59,671 acres located in the Neuquén Basin, Argentina; and Coiron Amargo Norte concession located in the Neuquén Basin of Argentina.

Further Reading: Leveraged Buyout (LBO) Explained

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