Cathedral Energy Services (TSE:CET) Shares Pass Above 200 Day Moving Average of $2.40

Posted by Defense World Staff on Aug 29th, 2024

Cathedral Energy Services Ltd. (TSE:CET – Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$2.40 and traded as high as C$6.40. Cathedral Energy Services shares last traded at C$6.21, with a volume of 62,066 shares traded.

Analyst Upgrades and Downgrades

Separately, ATB Capital decreased their target price on shares of Cathedral Energy Services from C$1.60 to C$1.50 and set an “outperform” rating for the company in a research note on Friday, June 28th.

Get Our Latest Report on Cathedral Energy Services

Cathedral Energy Services Trading Down 1.4 %

The company has a debt-to-equity ratio of 64.02, a quick ratio of 1.05 and a current ratio of 1.46. The stock has a market capitalization of C$1.49 billion, a price-to-earnings ratio of 77.63, a price-to-earnings-growth ratio of -1.64 and a beta of 2.64. The business has a fifty day simple moving average of C$5.22 and a 200 day simple moving average of C$2.40.

Insider Activity

In other news, Senior Officer Lee Harns sold 1,000,000 shares of the company’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of C$0.60, for a total transaction of C$600,000.00. In other news, Senior Officer Lee Harns sold 1,000,000 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of C$0.60, for a total value of C$600,000.00. Also, Senior Officer Fawzi Irani sold 131,095 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of C$0.87, for a total transaction of C$114,052.65. 21.55% of the stock is owned by company insiders.

About Cathedral Energy Services

(Get Free Report)

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.