Perpetual Energy (TSE:PMT) Trading Up 25%
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.
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.
Read More: Which market index is the best?
Receive News & Ratings for Perpetual Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Perpetual Energy and related companies with MarketBeat.com's FREE daily email newsletter.