Petroteq Energy (CVE:PQE) Stock Price Down 10.8%

Petroteq Energy Inc. (CVE:PQEGet Rating)’s stock price was down 10.8% during mid-day trading on Thursday . The company traded as low as C$0.06 and last traded at C$0.06. Approximately 6,000 shares changed hands during trading, a decline of 100% from the average daily volume of 1,521,746 shares. The stock had previously closed at C$0.07.

Petroteq Energy Stock Performance

The stock has a market capitalization of C$47.69 million and a P/E ratio of -2.40. The company has a quick ratio of 0.18, a current ratio of 0.61 and a debt-to-equity ratio of 2.13. The business has a fifty day moving average price of C$0.20 and a 200-day moving average price of C$0.21.

About Petroteq Energy

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Petroteq Energy Inc, through its subsidiaries, engages in the oil sands mining and processing operations in the United States. It holds rights to mine, extract, and produce oil and associated hydrocarbons and minerals from oil sands containing heavy oil and bitumen under mineral leases covering approximately 1,671,91 acres in the Asphalt Ridge area of Utah, including 320 acres held under the TMC Mineral Lease and an additional 1,351.91 acres held under three Temple Mountain State of Utah's School and Institutional Trust Land Administration Leases.

Further Reading

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