PetroShale Inc. (CVE:PSH – Get Free Report) rose 1.5% during mid-day trading on Wednesday . The company traded as high as C$0.68 and last traded at C$0.67. Approximately 136,650 shares traded hands during trading, a decline of 73% from the average daily volume of 503,148 shares. The stock had previously closed at C$0.66.
PetroShale Stock Performance
The stock’s 50-day moving average is C$0.67 and its 200-day moving average is C$0.67. The stock has a market cap of C$441.96 million and a price-to-earnings ratio of 7.28. The company has a debt-to-equity ratio of 36.65, a current ratio of 0.73 and a quick ratio of 0.72.
About PetroShale
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.
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