Petroteq Energy (CVE:PQE) Shares Down 6.7%

Petroteq Energy Inc (CVE:PQE) dropped 6.7% during mid-day trading on Thursday . The stock traded as low as C$0.21 and last traded at C$0.21, approximately 69,800 shares traded hands during mid-day trading. A decline of 51% from the average daily volume of 143,535 shares. The stock had previously closed at C$0.23.

The company has a quick ratio of 0.05, a current ratio of 0.23 and a debt-to-equity ratio of 14.94. The firm has a market cap of $45.10 million and a P/E ratio of -1.00. The company’s 50 day simple moving average is C$0.29 and its 200-day simple moving average is C$0.32.

Petroteq Energy (CVE:PQE) last announced its quarterly earnings data on Tuesday, July 30th. The company reported C($0.05) earnings per share (EPS) for the quarter. The business had revenue of C$0.05 million for the quarter. Equities research analysts predict that Petroteq Energy Inc will post -0.07 EPS for the current year.

About Petroteq Energy (CVE:PQE)

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.

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