Synex Renewable Energy (TSE:SXI) Share Price Passes Below 50 Day Moving Average – Here’s Why

Synex Renewable Energy Co. (TSE:SXIGet Free Report)’s stock price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$2.39 and traded as low as C$2.39. Synex Renewable Energy shares last traded at C$2.39, with a volume of 105,900 shares.

Synex Renewable Energy Price Performance

The company has a fifty day simple moving average of C$2.39 and a 200-day simple moving average of C$2.34. The company has a market cap of C$11.97 million, a P/E ratio of -13.59 and a beta of 0.29. The company has a debt-to-equity ratio of 517.10, a current ratio of 0.35 and a quick ratio of 0.26.

About Synex Renewable Energy

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Synex International Inc is an independent Canadian renewable power producer. It develops, acquires and operates renewable energy facilities. Synex International Inc generates revenue from three run of river power plants and one power line network in British Columbia. Synex is a renewable power developer with substantial wind and hydro projects under various levels of development in British Columbia.

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