Pan Orient Energy (CVE:POE) Shares Pass Above 200-Day Moving Average – Should You Sell?

Shares of Pan Orient Energy Corp. (CVE:POE) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$1.21 and traded as high as C$1.21. Pan Orient Energy shares last traded at C$1.21, with a volume of 300,000 shares trading hands.

Pan Orient Energy Price Performance

The company has a market capitalization of C$60.25 million and a price-to-earnings ratio of 3.90. The company has a current ratio of 3.60, a quick ratio of 3.58 and a debt-to-equity ratio of 0.01. The company’s 50 day simple moving average is C$1.21 and its 200-day simple moving average is C$1.21.

Pan Orient Energy Company Profile

Pan Orient Energy Corp., a junior oil and natural gas company, engages in the exploration, development, and production of oil and gas properties in Thailand and Canada. It holds a 100% interest in the L53/48 concession located in west of Bangkok, Thailand; and a 50% interest in the Sawn Lake property comprising 27 sections of oil sands leases situated in the central Alberta Peace River Oil Sands area, Canada. The company is based in Calgary, Canada.