Questerre Energy (TSE:QEC) Trading Down 10% – Time to Sell?

Questerre Energy Co. (TSE:QEC)’s share price fell 10% on Friday . The company traded as low as C$0.27 and last traded at C$0.27. Approximately 107,925 shares changed hands during trading, an increase of 69% from the average daily volume of 63,689 shares. The stock had previously closed at C$0.30.

Questerre Energy Price Performance

The company has a debt-to-equity ratio of 124.60, a quick ratio of 2.62 and a current ratio of 0.82. The business has a 50 day moving average price of C$0.25 and a 200-day moving average price of C$0.27. The company has a market capitalization of C$122.25 million, a price-to-earnings ratio of -1.69 and a beta of -0.61.

Questerre Energy (TSE:QEC) last released its earnings results on Tuesday, August 11th. The company reported C$0.06 EPS for the quarter. Questerre Energy had a negative return on equity of 74.92% and a negative net margin of 47.54%.The business had revenue of C$47.94 million during the quarter. Research analysts predict that Questerre Energy Co. will post 0.06 EPS for the current fiscal 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.