Shares of Pan Orient Energy Corp. (CVE:POE – Get Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$1.21 and traded as low as C$1.20. Pan Orient Energy shares last traded at C$1.21, with a volume of 300,000 shares changing hands.
Pan Orient Energy Stock Performance
The company has a market cap of C$60.25 million and a P/E ratio of 3.90. The company’s fifty day moving average is C$1.21 and its 200 day 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. The company is based in Calgary, Canada.
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