Horizon Petroleum (CVE:HPL) Shares Down 12.5%

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Shares of Horizon Petroleum Ltd (CVE:HPL) traded down 12.5% on Wednesday . The stock traded as low as C$0.04 and last traded at C$0.04, 18,000 shares traded hands during trading. A decline of 80% from the average session volume of 88,415 shares. The stock had previously closed at C$0.04.

The stock has a market capitalization of $2.10 million and a price-to-earnings ratio of -0.85. The business has a 50 day simple moving average of C$0.04 and a 200-day simple moving average of C$0.05.

About Horizon Petroleum (CVE:HPL)

Horizon Petroleum Ltd. engages in the acquisition, exploration, and development of oil and gas properties internationally. The company is headquartered in Calgary, Canada.

Further Reading: Average Daily Trade Volume – What You Need to Know

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