Vital Energy (CVE:VUX) Shares Down 40%

Vital Energy Inc (CVE:VUX)’s share price dropped 40% on Monday . The stock traded as low as C$0.03 and last traded at C$0.03, approximately 97,000 shares traded hands during trading. An increase of 96% from the average daily volume of 49,389 shares. The stock had previously closed at C$0.05.

The firm has a 50 day simple moving average of C$0.06 and a two-hundred day simple moving average of C$0.06. The company has a debt-to-equity ratio of 25.99, a quick ratio of 0.64 and a current ratio of 0.66. The stock has a market cap of $2.47 million and a P/E ratio of -7.50.

About Vital Energy (CVE:VUX)

Vital Energy Inc, a junior oil and gas company, engages in the exploration for, development, and production of oil and natural gas properties in Western Canada. The company develops light and medium gravity crude oil. It primarily operates and maintains a 50% working interest in the Gull Lake project that has six wells producing crude oil from the Roseray formation, and one well producing oil and gas from the Cantuar formation.

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