Questerre Energy (TSE:QEC) Hits New 52-Week Low – What’s Next?

Questerre Energy Co. (TSE:QEC)’s stock price reached a new 52-week low on Monday . The stock traded as low as C$0.23 and last traded at C$0.26, with a volume of 45044 shares. The stock had previously closed at C$0.26.

Questerre Energy Trading Up 2.0%

The company has a debt-to-equity ratio of 191.23, a quick ratio of 2.62 and a current ratio of 0.51. The business has a fifty day simple moving average of C$0.25 and a 200 day simple moving average of C$0.27. The stock has a market capitalization of C$117.58 million, a price-to-earnings ratio of -1.18 and a beta of -0.57.

Questerre Energy (TSE:QEC) last posted its earnings results on Friday, May 15th. The company reported C($0.04) earnings per share for the quarter. Questerre Energy had a negative return on equity of 93.98% and a negative net margin of 88.15%.The firm had revenue of C$41.03 million for the quarter. As a group, research analysts expect that Questerre Energy Co. will post 0.06 EPS for the current year.

Insiders Place Their Bets

In other Questerre Energy news, insider Richard Tityk sold 631,606 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of C$0.29, for a total value of C$183,165.74. Following the completion of the sale, the insider owned 174,394 shares of the company’s stock, valued at C$50,574.26. The trade was a 78.36% decrease in their position. 4.63% of the stock is owned by company insiders.

Questerre Energy Company Profile

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.