Crown Point Energy (OTCMKTS:CWVLF) Shares Cross Below 200 Day Moving Average – Here’s Why

Crown Point Energy Inc. (OTCMKTS:CWVLFGet Free Report) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.05 and traded as low as $0.04. Crown Point Energy shares last traded at $0.04, with a volume of 505 shares traded.

Crown Point Energy Stock Up 2.0 %

The business has a fifty day moving average of $0.04 and a two-hundred day moving average of $0.05.

Crown Point Energy Company Profile

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Crown Point Energy Inc explores for, develops, and produces petroleum and natural gas properties in Argentina. The company holds a 100% working interest in the Cerro de Los Leones exploration concession which covers an area of 101,208 acres located in the Neuquén Basin, Argentina. It also has 34.74% non-operated working interest in the Rio Cullen, La Angostura, and Las Violetas exploitation concessions that covers an area of 489,000 gross acres in Tierra del Fuego; and 50% non-operated working interest in the Chañares Herrados exploitation concession, which covers an area of 10,057 gross acres located in the Cuyano Basin.

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