ARC Resources Ltd (OTCMKTS:AETUF)’s stock price rose 2.2% during mid-day trading on Friday . The stock traded as high as $5.47 and last traded at $5.32, approximately 15,732 shares changed hands during trading. An increase of 7% from the average daily volume of 14,639 shares. The stock had previously closed at $5.20.
Separately, ValuEngine cut ARC Resources from a “hold” rating to a “sell” rating in a research note on Friday, November 1st.
The company has a debt-to-equity ratio of 0.21, a current ratio of 0.52 and a quick ratio of 0.52. The stock has a market cap of $1.88 billion, a price-to-earnings ratio of 19.23 and a beta of 1.08. The company’s fifty day moving average price is $4.66 and its 200-day moving average price is $4.84.
About ARC Resources (OTCMKTS:AETUF)
ARC Resources Ltd., together with its subsidiaries, acquires, develops, and holds interest in petroleum and natural gas properties and assets in Canada. The company holds interests in the Montney properties located in northeast British Columbia and northern Alberta; and Cardium properties in the Pembina area of Alberta.
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