Pieridae Energy Limited (PEA.V) (CVE:PEA) Share Price Crosses Below 50-Day Moving Average – Should You Sell?

Pieridae Energy Limited (PEA.V) (CVE:PEA)’s share price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$0.30 and traded as low as C$0.30. 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) Trading Down 10.4%

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

About Pieridae Energy Limited (PEA.V)

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.