Cathedral Energy Services (TSE:CET) Shares Pass Above 200 Day Moving Average of $0.82

Cathedral Energy Services Ltd. (TSE:CET)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.82 and traded as high as C$0.90. Cathedral Energy Services shares last traded at C$0.89, with a volume of 51,166 shares traded.

Cathedral Energy Services Stock Performance

The firm has a market capitalization of C$213.36 million, a PE ratio of 22.25, a price-to-earnings-growth ratio of -1.64 and a beta of 2.64. The company has a current ratio of 1.45, a quick ratio of 1.05 and a debt-to-equity ratio of 65.91. The business’s 50 day simple moving average is C$0.88 and its two-hundred day simple moving average is C$0.82.

Cathedral Energy Services (TSE:CET) last announced its earnings results on Tuesday, March 26th. The company reported C$0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.05 by C($0.03). Cathedral Energy Services had a return on equity of 6.38% and a net margin of 1.95%. The firm had revenue of C$145.42 million during the quarter, compared to analysts’ expectations of C$131.67 million. Research analysts expect that Cathedral Energy Services Ltd. will post 0.1600688 earnings per share for the current fiscal year.

Cathedral Energy Services Company Profile

Cathedral Energy Services Ltd., together with its subsidiaries, provides directional drilling services to oil and natural gas companies in western Canada and the United States. It offers remote directional and measurement-while-drilling (MWD), automated gamma, drilling optimization, and well planning services.