Questerre Energy (TSE:QEC) Shares Cross Below 200-Day Moving Average – Here’s What Happened

Questerre Energy Co. (TSE:QEC) shares crossed below its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of C$0.28 and traded as low as C$0.27. Questerre Energy shares last traded at C$0.27, with a volume of 66,100 shares changing hands.

Questerre Energy Stock Performance

The company has a debt-to-equity ratio of 124.60, a current ratio of 0.82 and a quick ratio of 2.62. The company has a fifty day moving average price of C$0.29 and a two-hundred day moving average price of C$0.28. The company has a market capitalization of C$119.98 million, a P/E ratio of -1.66 and a beta of -0.99.

Questerre Energy (TSE:QEC) last issued its quarterly earnings data on Tuesday, August 11th. The company reported C$0.06 earnings per share for the quarter. Questerre Energy had a negative net margin of 47.54% and a negative return on equity of 74.92%. The company had revenue of C$47.94 million for the quarter. Equities analysts forecast that Questerre Energy Co. will post 0.06 earnings per share for the current fiscal year.

About Questerre Energy

Questerre Energy Corp serves the oil and gas sector. The Canada-based company is engaged in the acquisition, exploration, and development of oil and gas projects. It operates non-conventional projects such as tight oil, oil shale, shale oil and shale gas. The segments of the group are Western Canada; Quebec ; and Corporate and others. Western Canada segment involves exploration and development activities in Western Canada including Alberta, Saskatchewan and Manitoba with the existing production of natural gas, crude oil and natural gas liquids.