Emerald Bay Energy Inc. (CVE:EBY) shares dropped 25% during mid-day trading on Thursday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 327,000 shares changed hands during trading, a decline of 64% from the average daily volume of 918,288 shares. The stock had previously closed at C$0.02.
The stock has a market cap of $6.79 million and a PE ratio of -1.11.
About Emerald Bay Energy (CVE:EBY)
Emerald Bay Energy Inc engages in the acquisition, exploration, and development of petroleum and natural gas properties in Central Alberta and southwest Texas. It holds 50% working interests in the Wooden Horse and Nash Creek projects located in Guadeloupe, Texas. The company was incorporated in 1997 and is headquartered in Calgary, Canada.
Further Reading: Percentage Decliners
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