Perpetual Energy Inc. (TSE:PMT) shares were up 25% on Wednesday . The company traded as high as C$0.15 and last traded at C$0.15, approximately 186,820 shares changed hands during mid-day trading. An increase of 204% from the average daily volume of 61,384 shares. The stock had previously closed at C$0.12.

Separately, Scotiabank reduced their price target on shares of Perpetual Energy from C$0.25 to C$0.10 in a research note on Tuesday.

The business’s 50 day moving average price is C$0.08 and its two-hundred day moving average price is C$0.17. The company has a current ratio of 0.74, a quick ratio of 0.15 and a debt-to-equity ratio of 163.32. The company has a market capitalization of $4.83 million and a price-to-earnings ratio of -0.15.

Perpetual Energy (TSE:PMT) last issued its quarterly earnings data on Thursday, November 7th. The company reported C($0.31) earnings per share (EPS) for the quarter. The company had revenue of C$17.10 million for the quarter. Analysts expect that Perpetual Energy Inc. will post -1.1846155 EPS for the current year.

About Perpetual Energy (TSE:PMT)

Perpetual Energy Inc engages in the exploration, development, and marketing of oil and natural gas based energy in Canada. It produces heavy oil, liquids-rich natural gas, shallow gas, and bitumen. The company has liquids-rich natural gas assets in the deep basin of west central Alberta; heavy oil and shallow natural gas assets in eastern Alberta; and undeveloped oil sands leases in northern Alberta.

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