Questerre Energy (TSE:QEC) Reaches New 1-Year Low – Here’s Why

Shares of Questerre Energy Co. (TSE:QEC) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as C$0.23 and last traded at C$0.23, with a volume of 105134 shares traded. The stock had previously closed at C$0.24.

Questerre Energy Stock Performance

The company’s 50-day simple moving average is C$0.28 and its 200 day simple moving average is C$0.28. The company has a current ratio of 0.51, a quick ratio of 2.62 and a debt-to-equity ratio of 191.23. The stock has a market cap of C$104.01 million, a P/E ratio of -1.05 and a beta of -0.59.

Questerre Energy (TSE:QEC) last released its earnings results on Friday, May 15th. The company reported C($0.04) earnings per share (EPS) for the quarter. The business had revenue of C$41.03 million during the quarter. Questerre Energy had a negative net margin of 88.15% and a negative return on equity of 93.98%. As a group, sell-side analysts expect that Questerre Energy Co. will post 0.06 EPS for the current fiscal year.

Insider Buying and Selling

In other Questerre Energy news, insider Richard Tityk sold 631,606 shares of the business’s stock in a transaction 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 transaction, the insider owned 174,394 shares of the company’s stock, valued at approximately C$50,574.26. The trade was a 78.36% decrease in their ownership of the stock. Company 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.