Perpetual Energy Inc. (OTCMKTS:PMGYF – Get Rating) was the recipient of a large increase in short interest during the month of April. As of April 30th, there was short interest totalling 24,900 shares, an increase of 573.0% from the April 15th total of 3,700 shares. Based on an average trading volume of 25,100 shares, the days-to-cover ratio is currently 1.0 days.
Separately, Stifel Nicolaus upgraded shares of Perpetual Energy from a “hold” rating to a “buy” rating in a report on Monday.
OTCMKTS:PMGYF opened at $0.99 on Thursday. The company has a fifty day moving average of $0.69 and a 200 day moving average of $0.57. Perpetual Energy has a 52 week low of $0.17 and a 52 week high of $1.02.
Perpetual Energy, Inc engages in the exploration, development, and marketing of oil and natural gas based energy. It operates a diversified asset portfolio that includes liquids-rich natural gas, shallow natural gas and conventional heavy oil producing properties, as well as undeveloped bitumen resource properties.
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