Frontera Energy Co. (TSE:FEC)’s stock price was down 3.8% during mid-day trading on Tuesday . The company traded as low as C$7.00 and last traded at C$7.00. Approximately 78,161 shares traded hands during mid-day trading, a decline of 57% from the average daily volume of 183,257 shares. The stock had previously closed at C$7.28.
Separately, BMO Capital Markets boosted their price target on Frontera Energy from C$8.50 to C$9.00 and gave the company a “na” rating in a report on Monday, July 19th.
The company has a 50-day moving average of C$7.10 and a 200 day moving average of C$6.70. The stock has a market capitalization of C$674.20 million and a PE ratio of -6.56. The company has a quick ratio of 0.69, a current ratio of 0.97 and a debt-to-equity ratio of 83.02.
In other Frontera Energy news, insider Gramercy Funds Management LLC purchased 40,200 shares of the business’s stock in a transaction that occurred on Thursday, July 15th. The shares were acquired at an average price of C$7.12 per share, for a total transaction of C$286,232.04. Following the completion of the purchase, the insider now owns 93,000 shares in the company, valued at approximately C$662,178.60. Also, Senior Officer Duncan James Nightingale sold 30,461 shares of the company’s stock in a transaction that occurred on Monday, June 28th. The shares were sold at an average price of C$7.56, for a total value of C$230,285.16.
Frontera Energy Company Profile (TSE:FEC)
Frontera Energy Corporation explores for, develops, and produces crude oil and natural gas in South America. The company has a portfolio of assets, which consists of interests in 40 exploration and production blocks in Colombia, Ecuador, and Guyana; and in pipeline and port facilities in Colombia. As of December 31, 2020, it had total proved plus probable reserves of 166.4 million barrels of oil equivalent.
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