Crown LNG Holdings Limited (NASDAQ: CGBS) Trading under Its 20 Day MA ($0.3032), Why Showing An Interesting Price Pattern?

Crown LNG Holdings Limited (NASDAQ:CGBS) does about 844.97K shares in volume on a normal day but saw 233141 shares change hands in the recent trading day. The company now has a market cap of 2.23M USD. Its current market price is $0.28, marking an increase of 1.33% compared to the previous close of $0.28. The 52 week high reached by this stock is $12.70 whilst the lowest price level in 52 weeks is $0.25.

Crown LNG Holdings Limited (CGBS) has a 20-day trading average at $0.3032 and the current price is -97.77% off the 52-week high compared with 10.86% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.3309. If we look at the stock’s price movements over the week, volatility stands at 9.47%, which increases to 12.31% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 41.07 to suggest the stock is neutral.

The current price level is -6.66%, -14.53%, and -94.05% away from its SMA20, SMA50, and SMA200 respectively, with the CGBS price moving above the 50-day SMA on current market day. Crown LNG Holdings Limited (CGBS) stock is down -5.20% over the week and -19.06% over the past month. Its price is -97.53% year-to-date and -97.49% over the past year.

The company has a return on investment of -161.44% and return on equity of -110.65%. The beta has a value of -0.10. Price to book ratio is 0.49.