Westmount Energy (LON:WTE) Shares Down 6.2% – Here’s What Happened

Shares of Westmount Energy Limited (LON:WTEGet Free Report) dropped 6.2% during mid-day trading on Monday . The company traded as low as GBX 4 and last traded at GBX 4. Approximately 1,325,409 shares traded hands during mid-day trading, an increase of 34% from the average daily volume of 985,892 shares. The stock had previously closed at GBX 4.26.

Westmount Energy Stock Down 7.7%

The business has a 50-day moving average price of GBX 3.65 and a 200-day moving average price of GBX 4.01. The firm has a market capitalization of £5.19 million, a PE ratio of -45.00 and a beta of 1.41.

Westmount Energy (LON:WTEGet Free Report) last posted its quarterly earnings results on Monday, March 30th. The company reported GBX 0.14 earnings per share (EPS) for the quarter. Westmount Energy had a negative return on equity of 2.93% and a negative net margin of 232.19%.

About Westmount Energy

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Westmount Energy Limited is a venture capital firm specializing in seed capital to small medium sized companies. The firm invests in Guyana-Suriname Basin regions. Westmount Energy Limited was incorporated in October 1, 1992 and is based in Saint Helier, Jersey.

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