Altura Energy (CVE:ATU) Trading Up 5.6% – Should You Buy?

Altura Energy Inc. (CVE:ATU) rose 5.6% during mid-day trading on Monday . The stock traded as high as C$0.38 and last traded at C$0.38. Approximately 507,620 shares changed hands during mid-day trading, an increase of 109% from the average daily volume of 243,050 shares. The stock had previously closed at C$0.36.

Altura Energy Price Performance

The company has a debt-to-equity ratio of 14.63, a quick ratio of 0.33 and a current ratio of 0.37. The business has a 50-day simple moving average of C$0.38 and a 200 day simple moving average of C$0.38. The firm has a market cap of C$103.67 million and a P/E ratio of 4.52.

Altura Energy Company Profile

Altura Energy Inc operates as a junior oil and gas exploration, development, and production company in central Alberta. As of December 31, 2020, the company held a 89% working interest in 44,353 acres of land at Leduc-Woodbend Rex Pool property; and a 54.1% working interest in 1,920 acres of land in the Leduc-Woodbend Glauconitic D Unit No.1 property. It also operated 22 producing and 40 non-producing oil wells. The company was formerly known as Northern Spirit Resources Inc and changed its name to Altura Energy Inc in October 2015.