Pieridae Energy Limited (PEA.V) (CVE:PEA) Stock Passes Below 50 Day Moving Average – Should You Sell?

Shares of Pieridae Energy Limited (PEA.V) (CVE:PEA) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$0.30 and traded as low as C$0.30. Pieridae Energy Limited (PEA.V) shares last traded at C$0.30, with a volume of 395,956 shares trading hands.

Pieridae Energy Limited (PEA.V) Stock Down 10.4%

The firm’s 50 day moving average price is C$0.30 and its two-hundred day moving average price is C$0.30. The company has a market capitalization of C$47.29 million and a price-to-earnings ratio of -0.41. The company has a current ratio of 1.25, a quick ratio of 0.65 and a debt-to-equity ratio of 199.86.

Pieridae Energy Limited (PEA.V) Company Profile

Pieridae Energy Limited engages in the acquisition, exploration, and development of petroleum and natural gas resources in Canada. The company holds interests in 19,342 net acres in Ojay area, and 212,155 net acres in the Deep Basin Sierra and Ekwan areas, British Columbia; and 220,212 net acres in Northern Alberta Foothills, 180,938 net acres in Central Alberta Foothills, and 5,423 net acres in Southern Alberta Foothills, Alberta. It also holds interests in Bourque, Gastonguay, Matapédia, and Restigouche properties located in Quebec; and approximately 50,000 acres of land in New Brunswick.