Petroteq Energy (CVE:PQE) Reaches New 52-Week Low at $0.28

Petroteq Energy Inc (CVE:PQE) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$0.28 and last traded at C$0.28, with a volume of 139489 shares changing hands. The stock had previously closed at C$0.29.

The company has a debt-to-equity ratio of 17.40, a quick ratio of 0.15 and a current ratio of 0.33. The company’s 50 day simple moving average is C$0.37. The stock has a market capitalization of $34.70 million and a price-to-earnings ratio of -1.21.

Petroteq Energy (CVE:PQE) last posted its earnings results on Monday, April 29th. The company reported C($0.04) EPS for the quarter. The business had revenue of C$0.03 million for the quarter. Research analysts predict that Petroteq Energy Inc will post -0.07 earnings per share for the current fiscal year.

Petroteq Energy Company Profile (CVE:PQE)

Petroteq Energy Inc engages in the oil extraction and processing operations. The company is involved in the tar sands mining and oil processing activities using a closed-loop solvent based extraction system that recovers bitumen from surface mining. It holds a 100% working interest in 2,541.73 acre oil sands leases covering oil sands in the Asphalt Ridge area in Utah.

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