Shares of Pan Orient Energy Corp. (CVE:POE – Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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 traded.
Pan Orient Energy Price Performance
The company has a market capitalization of C$60.25 million and a P/E ratio of 3.90. The business’s 50-day simple moving average is C$1.21 and its 200 day simple moving average is C$1.21. The company has a current ratio of 3.60, a quick ratio of 3.58 and a debt-to-equity ratio of 0.01.
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.
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