Point Loma Resources (CVE:PLX) Stock Price Down 4.2%

Point Loma Resources Ltd (CVE:PLX) traded down 4.2% during trading on Wednesday . The stock traded as low as C$0.12 and last traded at C$0.12, 25,450 shares changed hands during trading. A decline of 66% from the average session volume of 75,062 shares. The stock had previously closed at C$0.12.

The company has a current ratio of 0.28, a quick ratio of 0.23 and a debt-to-equity ratio of 24.83. The company has a 50 day moving average price of C$0.11 and a 200 day moving average price of C$0.16. The company has a market capitalization of $9.02 million and a P/E ratio of -0.44.

Point Loma Resources Company Profile (CVE:PLX)

Point Loma Resources Ltd. engages in the acquisition, development, and production of petroleum and natural gas reserves in the province of Alberta, Canada. The company holds interests in approximately 160,000 net acres and has an inventory of opportunities in the Mannville, Nordegg, Banff, and Duvernay Shale formations in west central Alberta.

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