Peyto Exploration & Development (TSE:PEY) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Peyto Exploration & Development Corp. (TSE:PEY)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$18.68 and traded as high as C$20.18. Peyto Exploration & Development shares last traded at C$19.79, with a volume of 1,255,329 shares traded.

Peyto Exploration & Development Price Performance

The company has a market capitalization of C$3.97 billion, a price-to-earnings ratio of 11.99, a price-to-earnings-growth ratio of -0.46 and a beta of 0.00. The company has a quick ratio of 0.32, a current ratio of 1.28 and a debt-to-equity ratio of 49.96. The company has a 50 day simple moving average of C$18.75 and a 200 day simple moving average of C$18.68.

Insider Transactions at Peyto Exploration & Development

In other news, insider Michael Richard Collens sold 26,000 shares of the company’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of C$18.80, for a total value of C$488,800.00. Following the completion of the sale, the insider owned 25,000 shares of the company’s stock, valued at C$470,000. This represents a 50.98% decrease in their ownership of the stock. Also, insider Riley Millar Frame sold 47,000 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of C$18.45, for a total value of C$867,239.30. Following the completion of the sale, the insider directly owned 127,527 shares of the company’s stock, valued at C$2,353,115.45. The trade was a 26.93% decrease in their position. Insiders purchased 14,450 shares of company stock valued at $267,380 over the last quarter. Company insiders own 2.36% of the company’s stock.

Peyto Exploration & Development Company Profile

Peyto Exploration & Development Corp (Peyto Exploration & Development) is an oil and gas company that involves in the exploration and development of natural gas. The company acquires, explores, develops and produces crude oil and unconventional natural gas reserves.