Terrace Energy (CVE:TZR) Stock Passes Above Fifty Day Moving Average – What’s Next?

Shares of Terrace Energy Corp. (CVE:TZR) 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.

Terrace Energy Stock Performance

The company has a market cap of C$1.55 million, a price-to-earnings ratio of 0.83 and a beta of -1.11. The business’s 50 day simple moving average is C$0.20 and its 200-day simple moving average is C$0.20.

Terrace Energy (CVE:TZR) last released its quarterly earnings data on Monday, September 30th. The company reported C($0.01) earnings per share (EPS) 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.