Questerre Energy (TSE:QEC) Announces Quarterly Earnings Results

Questerre Energy (TSE:QEC) released its quarterly earnings data on Tuesday. The company reported C$0.06 EPS for the quarter, FiscalAI reports. Questerre Energy had a negative net margin of 88.15% and a negative return on equity of 93.98%. The company had revenue of C$47.94 million during the quarter.

Questerre Energy Stock Performance

Shares of Questerre Energy stock opened at C$0.23 on Thursday. The company has a debt-to-equity ratio of 191.23, a current ratio of 0.51 and a quick ratio of 2.62. The stock’s 50 day simple moving average is C$0.25 and its 200-day simple moving average is C$0.27. The stock has a market cap of C$104.01 million, a P/E ratio of -1.05 and a beta of -0.57. Questerre Energy has a 1-year low of C$0.23 and a 1-year high of C$0.41.

Insider Activity at Questerre Energy

In related news, insider Richard Tityk sold 631,606 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of C$0.29, for a total value of C$183,165.74. Following the completion of the sale, the insider owned 174,394 shares of the company’s stock, valued at approximately C$50,574.26. This trade represents a 78.36% decrease in their ownership of the stock. Corporate insiders own 4.63% of the company’s stock.

About Questerre Energy

Questerre Energy Corp serves the oil and gas sector. The Canada-based company is engaged in the acquisition, exploration, and development of oil and gas projects. It operates non-conventional projects such as tight oil, oil shale, shale oil and shale gas. The segments of the group are Western Canada; Quebec ; and Corporate and others. Western Canada segment involves exploration and development activities in Western Canada including Alberta, Saskatchewan and Manitoba with the existing production of natural gas, crude oil and natural gas liquids.