Chinook Energy (TSE:CKE) Share Price Crosses Below 200-Day Moving Average of $0.09

Chinook Energy Inc. (TSE:CKE) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.09 and traded as low as $0.05. Chinook Energy shares last traded at $0.05, with a volume of 79,000 shares trading hands.

Separately, National Bank Financial restated a “sector perform” rating and set a C$0.20 price objective on shares of Chinook Energy in a report on Wednesday, August 14th.

The company has a debt-to-equity ratio of 24.03, a current ratio of 0.32 and a quick ratio of 0.16. The business’s 50-day moving average price is C$0.05 and its two-hundred day moving average price is C$0.09. The firm has a market cap of $11.18 million and a price-to-earnings ratio of -0.23.

About Chinook Energy (TSE:CKE)

Chinook Energy Inc, an upstream oil and natural gas company, engages in the exploration, development, and production of natural gas, natural gas liquids, and crude oil in Canada. The company primarily holds interests in the Birley/Umbach area, which include 64 net drilling space units of land located in northeast British Columbia.

See Also: What does a market perform rating mean?

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