Questerre Energy (TSE:QEC) Stock Price Up 14.8% – Here’s What Happened

Questerre Energy Co. (TSE:QEC) rose 14.8% during mid-day trading on Thursday . The company traded as high as C$0.31 and last traded at C$0.31. 203,005 shares traded hands during mid-day trading, an increase of 224% from the average session volume of 62,611 shares. The stock had previously closed at C$0.27.

Questerre Energy Stock Performance

The firm has a 50 day moving average of C$0.25 and a 200-day moving average of C$0.27. The company has a market cap of C$122.25 million, a P/E ratio of -1.69 and a beta of -0.61. The company has a quick ratio of 2.62, a current ratio of 0.82 and a debt-to-equity ratio of 124.60.

Questerre Energy (TSE:QEC) last issued its earnings results on Tuesday, August 11th. The company reported C$0.06 earnings per share for the quarter. Questerre Energy had a negative return on equity of 74.92% and a negative net margin of 47.54%.The business had revenue of C$47.94 million during the quarter. As a group, sell-side analysts anticipate that Questerre Energy Co. will post 0.06 EPS for the current fiscal year.

Questerre Energy Company Profile

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.