Pan Orient Energy (CVE:POE) Shares Pass Above 200 Day Moving Average – Here’s Why

Pan Orient Energy Corp. (CVE:POE) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$1.21 and traded as high as C$1.21. Pan Orient Energy shares last traded at C$1.21, with a volume of 300,000 shares changing hands.

Pan Orient Energy Trading Down 2.4 %

The company has a market capitalization of C$60.25 million and a price-to-earnings ratio of 3.90. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.58 and a current ratio of 3.60. The business’s 50-day simple moving average is C$1.21 and its 200-day simple moving average is C$1.21.

About Pan Orient Energy

Pan Orient Energy Corp., a junior oil and natural gas company, engages in the exploration, development, and production of oil and gas properties in Thailand and Canada. It holds a 100% interest in the L53/48 concession located in west of Bangkok, Thailand; and a 50% interest in the Sawn Lake property comprising 27 sections of oil sands leases situated in the central Alberta Peace River Oil Sands area, Canada.