Questerre Energy (TSE:QEC) Hits New 12-Month Low – Should You Sell?

Questerre Energy Co. (TSE:QEC) shares reached a new 52-week low during trading on Thursday . The company traded as low as C$0.23 and last traded at C$0.23, with a volume of 35257 shares trading hands. The stock had previously closed at C$0.24.

Questerre Energy Price Performance

The stock has a 50-day simple moving average of C$0.29 and a two-hundred day simple moving average of C$0.28. The company has a quick ratio of 2.62, a current ratio of 0.51 and a debt-to-equity ratio of 191.23. The firm has a market cap of C$108.53 million, a PE ratio of -1.09 and a beta of -0.63.

Questerre Energy (TSE:QEC) last issued its quarterly earnings results on Friday, May 15th. The company reported C($0.04) earnings per share (EPS) for the quarter. Questerre Energy had a negative return on equity of 93.98% and a negative net margin of 88.15%.The firm had revenue of C$41.03 million for the quarter. Analysts expect that Questerre Energy Co. will post 0.06 earnings per share for the current year.

Insider Buying and Selling at Questerre Energy

In related news, insider Richard Tityk sold 631,606 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of C$0.29, for a total value of C$183,165.74. Following the completion of the sale, the insider owned 174,394 shares in the company, valued at C$50,574.26. The trade was a 78.36% decrease in their position. Corporate insiders own 4.63% of the company’s stock.

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.