Perpetual Energy (TSE:PMT) Shares Cross Above 200-Day Moving Average of $0.27

Perpetual Energy Inc. (TSE:PMT)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.27 and traded as high as $0.21. Perpetual Energy shares last traded at $0.20, with a volume of 12,000 shares changing hands.

Separately, GMP Securities reduced their price objective on Perpetual Energy from C$0.40 to C$0.30 in a research note on Friday, June 28th.

The company has a quick ratio of 0.16, a current ratio of 0.99 and a debt-to-equity ratio of 130.15. The stock has a 50 day simple moving average of C$0.23 and a 200 day simple moving average of C$0.27. The stock has a market cap of $11.46 million and a price-to-earnings ratio of -0.22.

Perpetual Energy (TSE:PMT) last announced its quarterly earnings data on Wednesday, July 31st. The company reported C($0.22) EPS for the quarter. The business had revenue of C$19.24 million during the quarter.

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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