Pieridae Energy Limited (PEA.V) (CVE:PEA) Share Price Passes Above 50 Day Moving Average – Here’s Why

Shares of Pieridae Energy Limited (PEA.V) (CVE:PEA) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$0.30 and traded as high as C$0.31. Pieridae Energy Limited (PEA.V) shares last traded at C$0.30, with a volume of 395,956 shares traded.

Pieridae Energy Limited (PEA.V) Stock Down 10.4 %

The company has a debt-to-equity ratio of 199.86, a current ratio of 1.25 and a quick ratio of 0.65. The stock has a market capitalization of C$47.29 million and a PE ratio of -0.41. The company has a 50 day moving average price of C$0.30 and a 200-day moving average price of C$0.30.

Pieridae Energy Limited (PEA.V) Company Profile

Pieridae Energy Limited engages in the acquisition, exploration, and development of petroleum and natural gas resources in Canada. The company holds interests in 19,342 net acres in Ojay area, and 212,155 net acres in the Deep Basin Sierra and Ekwan areas, British Columbia; and 220,212 net acres in Northern Alberta Foothills, 180,938 net acres in Central Alberta Foothills, and 5,423 net acres in Southern Alberta Foothills, Alberta.