Questerre Energy (TSE:QEC) Trading Up 1.8% – Here’s What Happened

Questerre Energy Co. (TSE:QEC) shares shot up 1.8% during mid-day trading on Tuesday . The stock traded as high as C$0.29 and last traded at C$0.29. 210,836 shares were traded during trading, an increase of 231% from the average session volume of 63,758 shares. The stock had previously closed at C$0.28.

Questerre Energy Price Performance

The company has a 50 day moving average of C$0.27 and a 200-day moving average of C$0.30. The stock has a market capitalization of C$119.98 million, a P/E ratio of -1.56 and a beta of -0.68. The company has a quick ratio of 2.62, a current ratio of 0.50 and a debt-to-equity ratio of 133.35.

Questerre Energy (TSE:QEC) last announced its quarterly earnings data on Wednesday, April 1st. The company reported C($0.17) earnings per share (EPS) for the quarter. Questerre Energy had a negative return on equity of 64.56% and a negative net margin of 102.33%.The firm had revenue of C$39.97 million for the quarter. Sell-side analysts predict that Questerre Energy Co. will post 0.06 EPS for the current 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.