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 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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