Primeline Energy Holdings Inc. (PEH.V) (CVE:PEH) Stock Crosses Below Fifty Day Moving Average – Here’s Why

Shares of Primeline Energy Holdings Inc. (PEH.V) (CVE:PEH) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$0.01 and traded as low as C$0.01. Primeline Energy Holdings Inc. (PEH.V) shares last traded at C$0.01, with a volume of 7,200 shares traded.

Primeline Energy Holdings Inc. (PEH.V) Trading Up 100.0%

The firm has a market capitalization of C$2.23 million and a price-to-earnings ratio of -0.06. The business’s fifty day moving average is C$0.01 and its 200 day moving average is C$0.01. The company has a quick ratio of 0.04, a current ratio of 0.05 and a debt-to-equity ratio of 2,769.72.

Primeline Energy Holdings Inc. (PEH.V) Company Profile

Primeline Energy Holdings Inc engages in the exploration, development, and production of offshore oil and gas properties in the People's Republic of China. The company has 100% contractor's interest in the petroleum contract with China National Offshore Oil Corporation for Block 33/07 that covers an area of 4,397 square kilometers; and 49% interest in the producing LS36-1 gas field in Block 25/34 that covers an area of 84.7 square kilometers in the East China Sea. Primeline Energy Holdings Inc was founded in 1993 and is headquartered in Hong Kong, Hong Kong.