Crown Point Energy (OTCMKTS:CWVLF) Shares Cross Above 50 Day Moving Average of $0.12

Crown Point Energy Inc. (OTCMKTS:CWVLF)’s stock price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $0.12 and traded as high as $0.16. Crown Point Energy shares last traded at $0.16, with a volume of 39,000 shares trading hands.

The stock has a fifty day moving average price of $0.13 and a 200-day moving average price of $0.13.

About Crown Point Energy (OTCMKTS:CWVLF)

Crown Point Energy Inc, a junior oil and gas company, explores for, develops, and produces petroleum and natural gas properties in Argentina. The company holds 100% working interest in the Cerro de Los Leones concession permit covering an area of 100,907 acres located in the northern portion of the Neuquén Basin in the province of Mendoza, Argentina.

Further Reading: Why is a lock-up period needed for an IPO?

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