Perpetual Energy (TSE:PMT) Stock Price Crosses Above 200-Day Moving Average of $0.27

Perpetual Energy Inc. (TSE:PMT)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.27 and traded as high as $0.21. Perpetual Energy shares last traded at $0.20, with a volume of 12,000 shares trading hands.

Separately, GMP Securities dropped their target price on Perpetual Energy from C$0.40 to C$0.30 in a research report on Friday, June 28th.

The company has a debt-to-equity ratio of 130.15, a current ratio of 0.99 and a quick ratio of 0.16. The stock has a market capitalization of $11.46 million and a P/E ratio of -0.22. The firm has a 50-day simple moving average of C$0.23 and a 200 day simple moving average of C$0.27.

Perpetual Energy (TSE:PMT) last posted its earnings results on Wednesday, July 31st. The company reported C($0.22) EPS for the quarter. The business had revenue of C$19.24 million during the quarter.

Perpetual Energy Company Profile (TSE:PMT)

Perpetual Energy Inc engages in the exploration, development, and marketing of oil and natural gas based energy in Canada. It produces heavy oil, liquids-rich natural gas, shallow gas, and bitumen. The company has liquids-rich natural gas assets in the deep basin of west central Alberta; heavy oil and shallow natural gas assets in eastern Alberta; and undeveloped oil sands leases in northern Alberta.

See Also: Fundamental Analysis

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