Pan Orient Energy (CVE:POE) Trading Up 23.8%

Pan Orient Energy Corp. (CVE:POE) shares were up 23.8% during mid-day trading on Tuesday . The company traded as high as C$1.28 and last traded at C$1.25, approximately 322,601 shares were traded during mid-day trading. An increase of 1,461% from the average daily volume of 20,672 shares. The stock had previously closed at C$1.01.

The firm has a market capitalization of $134.40 million and a price-to-earnings ratio of 22.22. The business has a 50 day simple moving average of C$2.47 and a 200-day simple moving average of C$2.29. The company has a debt-to-equity ratio of 0.09, a quick ratio of 13.70 and a current ratio of 13.70.

About Pan Orient Energy (CVE:POE)

Pan Orient Energy Corp., together with its subsidiaries, engages in the exploration, development, and production of oil and gas properties in Thailand, Indonesia, and Canada. It holds interests in the concession L53/48 located in west of Bangkok, Thailand; the East Jabung production sharing contract located in South Sumatra, Indonesia; and 78 sections of Sawn Lake Alberta Crown oil sands located in the central Alberta Peace River Oil Sands area.

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