Cathedral Energy Services (TSE:CET) Share Price Crosses Above Two Hundred Day Moving Average of $0.85

Cathedral Energy Services Ltd. (TSE:CET)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$0.85 and traded as high as C$0.89. Cathedral Energy Services shares last traded at C$0.88, with a volume of 154,702 shares changing hands.

Cathedral Energy Services Price Performance

The company has a 50-day moving average of C$0.90 and a two-hundred day moving average of C$0.85. The company has a debt-to-equity ratio of 64.02, a current ratio of 1.46 and a quick ratio of 1.05. The stock has a market capitalization of C$213.90 million, a PE ratio of 11.13, a P/E/G ratio of -1.64 and a beta of 2.64.

Cathedral Energy Services (TSE:CET) last posted its quarterly earnings data on Thursday, May 9th. The company reported C$0.04 EPS for the quarter, missing analysts’ consensus estimates of C$0.06 by C($0.02). The company had revenue of C$164.96 million for the quarter, compared to analyst estimates of C$148.50 million. Cathedral Energy Services had a net margin of 3.71% and a return on equity of 12.31%. Sell-side analysts predict that Cathedral Energy Services Ltd. will post 0.15 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Senior Officer Lee Harns sold 1,000,000 shares of Cathedral Energy Services stock in a transaction on Monday, June 10th. The stock was sold at an average price of C$0.60, for a total value of C$600,000.00. 21.55% of the stock is currently owned by insiders.

Cathedral Energy Services Company Profile

Cathedral Energy Services Ltd., together with its subsidiaries, provides directional drilling services to oil and natural gas companies in western Canada and the United States. It offers remote directional and measurement-while-drilling (MWD), automated gamma, drilling optimization, and well planning services.