Cequence Energy Ltd (TSE:CQE)’s stock price was down 18.2% during mid-day trading on Wednesday . The stock traded as low as C$0.09 and last traded at C$0.09, approximately 165,459 shares changed hands during mid-day trading. An increase of 437% from the average daily volume of 30,806 shares. The stock had previously closed at C$0.11.
The company has a market cap of $2.93 million and a P/E ratio of -0.22. The firm has a 50 day moving average of C$0.22 and a 200-day moving average of C$0.27. The company has a quick ratio of 0.47, a current ratio of 0.50 and a debt-to-equity ratio of 33.49.
Cequence Energy (TSE:CQE) last posted its earnings results on Tuesday, March 10th. The company reported C($0.04) earnings per share for the quarter. The business had revenue of C$14.86 million during the quarter. On average, research analysts predict that Cequence Energy Ltd will post 0.02 EPS for the current fiscal year.
Cequence Energy Ltd. engages in the exploration for and the development of oil and natural gas reserves in Canada. It primarily focuses on the development of its Simonette asset located in the Alberta Deep Basin. The company was formerly known as Sabretooth Energy Ltd. and changed its name to Cequence Energy Ltd.
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