Questerre Energy (TSE:QEC) Shares Pass Above 200 Day Moving Average of $0.22

Questerre Energy Co. (TSE:QEC)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.22 and traded as high as C$0.24. Questerre Energy shares last traded at C$0.24, with a volume of 10,000 shares.

Questerre Energy Stock Up 9.1 %

The stock’s fifty day moving average price is C$0.23 and its 200-day moving average price is C$0.22. The company has a market capitalization of C$102.84 million, a price-to-earnings ratio of -4.00 and a beta of 1.26. The company has a quick ratio of 2.62, a current ratio of 4.08 and a debt-to-equity ratio of 0.16.

Questerre Energy (TSE:QEC) last released its earnings results on Thursday, March 21st. The company reported C($0.06) earnings per share (EPS) for the quarter. Questerre Energy had a negative net margin of 66.40% and a negative return on equity of 15.31%. The company had revenue of C$9.74 million during the quarter. On average, sell-side analysts predict that Questerre Energy Co. will post 0.06 earnings per share for the current fiscal year.

Questerre Energy Company Profile

Questerre Energy Corporation, an energy technology and innovation company, acquires, explores, and develops non-conventional oil and gas projects in Canada. It produces tight oil, oil shale, shale oil, and shale gas. The company primarily holds 40,320 acres located in Kakwa, Alberta, including 25% working interest in 10,080 acres in Kakwa Central; 50% working interest in 4,480 acres in Kakwa North; 50% interest in 22,040 acres in Kakwa West; and 50% interest in 3,840 acres in Kakwa South.