Chinook Energy (TSE:CKE) Shares Up 7.7%

Chinook Energy Inc. (TSE:CKE) shares shot up 7.7% during trading on Monday . The stock traded as high as C$0.14 and last traded at C$0.14. 32,300 shares were traded during mid-day trading, a decline of 81% from the average session volume of 166,904 shares. The stock had previously closed at C$0.13.

Separately, Raymond James restated an “underperform” rating and issued a C$0.10 price target on shares of Chinook Energy in a report on Monday, May 13th.

The stock has a market cap of $31.31 million and a P/E ratio of -1.12. The company’s 50 day moving average is C$0.13. The company has a debt-to-equity ratio of 5.78, a quick ratio of 0.31 and a current ratio of 0.47.

Chinook Energy (TSE:CKE) last posted its quarterly earnings data on Thursday, May 9th. The company reported C($0.01) earnings per share (EPS) for the quarter. The firm had revenue of C$4.99 million for the quarter. On average, equities research analysts predict that Chinook Energy Inc. will post -0.04 earnings per share for the current year.

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Chinook Energy Company Profile (TSE:CKE)

Chinook Energy Inc, an upstream oil and natural gas company, engages in the exploration, development, and production of natural gas, natural gas liquids, and crude oil in Canada. The company primarily holds interests in the Birley/Umbach area, which include 64 net drilling space units of land located in northeast British Columbia.

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