Shares of Pan Orient Energy Corp. (CVE:POE – Get Free Report) crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of C$1.21 and traded as high as C$1.21. Pan Orient Energy shares last traded at C$1.21, with a volume of 300,000 shares.
Pan Orient Energy Trading Down 2.4%
The company has a debt-to-equity ratio of 0.01, a current ratio of 3.60 and a quick ratio of 3.58. The business’s 50 day moving average price is C$1.21 and its 200-day moving average price is C$1.21. The firm has a market capitalization of C$60.25 million and a price-to-earnings ratio of 3.90.
About Pan Orient Energy
Pan Orient Energy Corp., a junior oil and natural gas company, engages in the exploration, development, and production of oil and gas properties in Thailand and Canada. It holds a 100% interest in the L53/48 concession located in west of Bangkok, Thailand; and a 50% interest in the Sawn Lake property comprising 27 sections of oil sands leases situated in the central Alberta Peace River Oil Sands area, Canada. The company is based in Calgary, Canada.
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