BlackPearl Resources (PXX) Reaches New 1-Year Low at $1.13
BlackPearl Resources Inc. (TSE:PXX) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$1.13 and last traded at C$1.13, with a volume of 256800 shares trading hands. The stock had previously closed at C$1.20.
A number of research firms have recently issued reports on PXX. Desjardins boosted their price target on shares of BlackPearl Resources from C$1.50 to C$1.75 in a report on Friday, August 3rd. TD Securities cut their price target on shares of BlackPearl Resources from C$1.55 to C$1.30 and set a “tender” rating on the stock in a report on Tuesday, November 6th.
The company has a current ratio of 0.43, a quick ratio of 0.41 and a debt-to-equity ratio of 19.99.
BlackPearl Resources Inc engages in the acquisition, exploration, development, and production of heavy crude oil, bitumen, and natural gas in Canada. Its principal properties include the Blackrod oil sands project with oil sand leases and permits covering an area of approximately 44,581 net acres situated in the Blackrod area of northern Alberta; the Onion Lake oil property with an area of approximately 10,856 net acres located in Saskatchewan; and Mooney crude oil property with an area of approximately 20,160 net acres located in north-central Alberta.
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