Eagle Plains Resources (CVE:EPL) Share Price Crosses Below 50-Day Moving Average – Time to Sell?

Eagle Plains Resources Ltd. (CVE:EPL)’s share price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$0.15 and traded as low as C$0.15. Eagle Plains Resources shares last traded at C$0.15, with a volume of 136,210 shares changing hands.

Eagle Plains Resources Trading Down 6.3%

The company has a current ratio of 7.33, a quick ratio of 5.73 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of C$17.26 million, a price-to-earnings ratio of 2.33 and a beta of 2.01. The business has a 50 day simple moving average of C$0.15 and a 200-day simple moving average of C$0.14.

Insider Activity

In related news, Director Timothy Jay Termuende bought 630,000 shares of the stock in a transaction that occurred on Thursday, July 24th. The stock was purchased at an average cost of C$0.14 per share, for a total transaction of C$85,050.00. Corporate insiders own 11.05% of the company’s stock.

About Eagle Plains Resources

Eagle Plains Resources Ltd., a junior resource company, acquires, explores for, and develops mineral resource properties in Western Canada. The company explores for gold, critical-metals, uranium, lithium, rare earth elements, and industrial minerals. It controls approximately 50 gold, silver, uranium, copper, molybdenum, lead, zinc, gypsum, and rare earth mineral projects, 10 of which are under option agreements with third parties in British Columbia, Yukon, the Northwest Territories, and Saskatchewan.