Questerre Energy (TSE:QEC) Issues Quarterly Earnings Results

Questerre Energy (TSE:QEC) posted its earnings results on Tuesday. The company reported C$0.06 earnings per share for the quarter, FiscalAI reports. The company had revenue of C$47.94 million during the quarter. Questerre Energy had a negative return on equity of 93.98% and a negative net margin of 88.15%.

Questerre Energy Stock Performance

TSE:QEC traded down C$0.03 during mid-day trading on Tuesday, reaching C$0.23. 1,673 shares of the company’s stock were exchanged, compared to its average volume of 64,510. Questerre Energy has a one year low of C$0.23 and a one year high of C$0.41. 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’s fifty day simple moving average is C$0.25 and its two-hundred day simple moving average is C$0.27. The firm has a market capitalization of C$104.01 million, a PE ratio of -1.05 and a beta of -0.57.

Insider Transactions at Questerre Energy

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

About Questerre Energy

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.