Vital Energy (CVE:VUX) Shares Down 18.9% – What’s Next?

Vital Energy Inc. (CVE:VUX) shares dropped 18.9% on Wednesday . The company traded as low as C$0.21 and last traded at C$0.22. Approximately 1,500 shares traded hands during mid-day trading, a decline of 94% from the average daily volume of 26,275 shares. The stock had previously closed at C$0.27.

Vital Energy Stock Up 2.3 %

The company has a debt-to-equity ratio of 64.87, a quick ratio of 1.30 and a current ratio of 0.54. The firm has a fifty day simple moving average of C$0.25 and a 200-day simple moving average of C$0.27. The firm has a market cap of C$18.19 million, a price-to-earnings ratio of -5.50 and a beta of 0.47.

Vital Energy Company Profile

Vital Energy Inc, a junior oil and gas company, engages in the acquisition, exploration, and development of crude oil and natural gas in Western Canada. The company holds interest in the Gull Lake and Pennant projects located in the SW Saskatchewan area; Sullivan Lake and Baxter Lake projects located in the East Central Alberta area; the Pembina property and the Ante Creek property located in the West Central Alberta area; and Lampman and Steelman projects located in the SE Saskatchewan.