Pieridae Energy Limited (PEA.V) (CVE:PEA) Trading Down 10.4% – Time to Sell?

Pieridae Energy Limited (PEA.V) (CVE:PEA)’s share price traded down 10.4% on Wednesday . The company traded as low as C$0.30 and last traded at C$0.30. 395,956 shares traded hands during mid-day trading, an increase of 344% from the average session volume of 89,233 shares. The stock had previously closed at C$0.34.

Pieridae Energy Limited (PEA.V) Trading Down 10.4 %

The company has a 50 day moving average of C$0.30 and a two-hundred day moving average of C$0.30. The stock has a market capitalization of C$47.29 million and a PE ratio of -0.41. The company has a debt-to-equity ratio of 199.86, a quick ratio of 0.65 and a current ratio of 1.25.

Pieridae Energy Limited (PEA.V) Company Profile

Pieridae Energy Limited engages in the acquisition, exploration, and development of petroleum and natural gas resources in Canada. The company holds interests in 19,342 net acres in Ojay area, and 212,155 net acres in the Deep Basin Sierra and Ekwan areas, British Columbia; and 220,212 net acres in Northern Alberta Foothills, 180,938 net acres in Central Alberta Foothills, and 5,423 net acres in Southern Alberta Foothills, Alberta.