Altura Energy Inc (CVE:ATU)’s share price fell 3.1% during mid-day trading on Monday . The stock traded as low as C$0.31 and last traded at C$0.31, 61,503 shares were traded during trading. An increase of 4% from the average session volume of 59,089 shares. The stock had previously closed at C$0.32.
Separately, GMP Securities cut their price target on Altura Energy from C$0.75 to C$0.60 in a report on Friday, June 28th.
The company has a quick ratio of 0.33, a current ratio of 0.36 and a debt-to-equity ratio of 3.87. The company has a market cap of $34.86 million and a price-to-earnings ratio of 31.00. The stock has a fifty day moving average price of C$0.34 and a two-hundred day moving average price of C$0.41.
Altura Energy Inc engages in the exploration, development, and production of oil and natural gas in central Alberta. It holds interests in the oil producing units of the Leduc-Woodbend area located in Alberta. The company was formerly known as Northern Spirit Resources Inc and changed its name to Altura Energy Inc in October 2015.
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