BNK Petroleum (TSE:BKX) Trading Down 11.1%

BNK Petroleum Inc. (TSE:BKX)’s share price fell 11.1% during trading on Wednesday . The company traded as low as C$0.08 and last traded at C$0.08, 250,500 shares were traded during mid-day trading. An increase of 160% from the average session volume of 96,198 shares. The stock had previously closed at C$0.09.

The stock has a market cap of $20.96 million and a P/E ratio of 2.83. The company has a fifty day moving average price of C$0.11 and a 200 day moving average price of C$0.19. The company has a debt-to-equity ratio of 21.37, a current ratio of 0.93 and a quick ratio of 0.82.

BNK Petroleum Company Profile (TSE:BKX)

BNK Petroleum Inc engages in the acquisition, exploration, and production of unconventional oil and gas resource plays in the United States, Canada, Poland, Spain, Germany, France, and the Netherlands. The company produces crude oil, natural gas, and natural gas liquids. It has working interests in approximately 17,680 net acres of shale oil acreage in the Caney/Upper Sycamore formations of the Tishomingo Field, Oklahoma.

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