BNK Petroleum (TSE:BKX) Stock Price Crosses Below Fifty Day Moving Average of $0.23

Shares of BNK Petroleum Inc. (TSE:BKX) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $0.23 and traded as low as $0.20. BNK Petroleum shares last traded at $0.21, with a volume of 103,450 shares trading hands.

The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 23.91. The company has a market cap of $51.24 million and a price-to-earnings ratio of 20.00. The company’s 50 day moving average is C$0.23.

BNK Petroleum (TSE:BKX) last issued its quarterly earnings results on Thursday, May 9th. The company reported C($0.01) earnings per share (EPS) for the quarter. The company had revenue of C$6.09 million during the quarter. Equities analysts expect that BNK Petroleum Inc. will post 0.01 earnings per share for the current fiscal year.

About BNK Petroleum (TSE:BKX)

BNK Petroleum Inc engages in the acquisition, exploration, and production of unconventional oil and gas resource plays in the United States, Canada, Poland, Spain, Germany, France, and the Netherlands. The company produces crude oil, natural gas, and natural gas liquids. It has working interests in approximately 17,680 net acres of shale oil acreage in the Caney/Upper Sycamore formations of the Tishomingo Field, Oklahoma.

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