Perpetual Energy (PMT) Shares Down 0%
Perpetual Energy Inc. (TSE:PMT)’s share price traded down 0% on Monday . The company traded as low as C$0.95 and last traded at C$0.96. 85,208 shares traded hands during mid-day trading, an increase of 104% from the average session volume of 41,713 shares. The stock had previously closed at C$0.96.
A number of equities analysts have weighed in on the stock. TD Securities upped their price objective on shares of Perpetual Energy from C$1.20 to C$1.35 and gave the company a “hold” rating in a research report on Wednesday, November 8th. GMP Securities upped their price objective on shares of Perpetual Energy from C$2.05 to C$2.10 in a research report on Monday, November 13th.
The firm has a market capitalization of $57.31, a PE ratio of -5.65 and a beta of 1.24.
About Perpetual Energy
Perpetual Energy Inc (Perpetual) is a Canada-based oil and natural gas exploration and production company. The Company is engaged in finding, developing, producing and marketing natural gas, natural gas liquids (NGL), oil and bitumen. Perpetual’s business consists of operations in Alberta focused on exploring and developing the natural gas and NGL resource opportunities in the deep basin in west central Alberta; the exploration for and extraction of heavy oil in eastern Alberta; the development and production of shallow natural gas from mature producing regions in eastern Alberta; bitumen opportunities in northeast Alberta, and interest in a commercial gas storage business through the operation and ownership in a gas storage facility at Warwick in east central Alberta.
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