Petroteq Energy Inc (CVE:PQE)’s share price traded down 18.9% during mid-day trading on Wednesday . The stock traded as low as C$0.22 and last traded at C$0.22, 166,300 shares changed hands during trading. An increase of 16% from the average session volume of 143,674 shares. The stock had previously closed at C$0.27.
The company has a debt-to-equity ratio of 14.94, a current ratio of 0.23 and a quick ratio of 0.05. The company’s fifty day moving average is C$0.28 and its 200-day moving average is C$0.33. The stock has a market cap of $50.13 million and a PE ratio of -1.14.
Petroteq Energy (CVE:PQE) last issued its earnings results on Tuesday, July 30th. The company reported C($0.05) earnings per share (EPS) for the quarter. The company had revenue of C$0.05 million for the quarter. Analysts expect that Petroteq Energy Inc will post -0.07 EPS for the current year.
Petroteq Energy Inc engages in the oil extraction and processing operations. The company is involved in the tar sands mining and oil processing activities using a closed-loop solvent based extraction system that recovers bitumen from surface mining. It holds a 100% working interest in 2,541.73 acre oil sands leases covering oil sands in the Asphalt Ridge area in Utah.
Further Reading: Trading based on a resistance level
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