Petroteq Energy (CVE:PQE) Trading Down 12.5%

Petroteq Energy Inc. (CVE:PQE – Get Rating)’s stock price traded down 12.5% during mid-day trading on Thursday . The company traded as low as C$0.28 and last traded at C$0.28. 350,231 shares changed hands during mid-day trading, a decline of 68% from the average session volume of 1,106,779 shares. The stock had previously closed at C$0.32.

Petroteq Energy Trading Up 5.7 %

The business’s 50 day simple moving average is C$0.24 and its two-hundred day simple moving average is C$0.22. The stock has a market cap of C$217.76 million and a P/E ratio of -11.20. The company has a quick ratio of 0.18, a current ratio of 0.61 and a debt-to-equity ratio of 2.13.

Petroteq Energy Company Profile

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Petroteq Energy Inc, through its subsidiaries, engages in the oil sands mining and processing operations in the United States. It holds rights to mine, extract, and produce oil and associated hydrocarbons and minerals from oil sands containing heavy oil and bitumen under mineral leases covering approximately 1,671,91 acres in the Asphalt Ridge area of Utah, including 320 acres held under the TMC Mineral Lease and an additional 1,351.91 acres held under three Temple Mountain State of Utah’s School and Institutional Trust Land Administration Leases.