PetroShale (CVE:PSH) Shares Up 1.5%

PetroShale Inc. (CVE:PSH) shot up 1.5% during trading on Tuesday . The company traded as high as C$0.68 and last traded at C$0.67. 136,650 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 503,148 shares. The stock had previously closed at C$0.66.

PetroShale Stock Performance

The company’s 50 day simple moving average is C$0.67 and its 200 day simple moving average is C$0.67. The company has a debt-to-equity ratio of 36.65, a quick ratio of 0.72 and a current ratio of 0.73. The stock has a market cap of C$441.96 million and a PE ratio of 7.28.

PetroShale Company Profile

PetroShale Inc, an independent oil company, engages in the acquisition, development, and production of oil-weighted assets primarily in the Bakken and Three Forks formations in the Williston Basin area of North Dakota. It holds interests in the Middle Bakken and Three Forks Benches One, Two, Three, and Four formations, as well as Pronghorn/Sanish and Lodgepole areas.