Point Loma Resources (CVE:PLX) Sets New 12-Month Low at $0.08

Point Loma Resources Ltd (CVE:PLX) shares reached a new 52-week low on Friday . The stock traded as low as C$0.08 and last traded at C$0.08, with a volume of 15117 shares trading hands. The stock had previously closed at C$0.09.

The company has a debt-to-equity ratio of 24.83, a quick ratio of 0.23 and a current ratio of 0.28. The stock has a market cap of $9.35 million and a price-to-earnings ratio of -0.30. The firm’s 50-day simple moving average is C$0.10 and its two-hundred day simple moving average is C$0.15.

Point Loma Resources (CVE:PLX) last posted its quarterly earnings data on Thursday, August 29th. The company reported C($0.03) earnings per share for the quarter, missing the consensus estimate of C($0.02) by C($0.01). The business had revenue of C$1.34 million for the quarter. Equities research analysts expect that Point Loma Resources Ltd will post 0.05 earnings per share for the current fiscal year.

About Point Loma Resources (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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