Pieridae Energy Limited (PEA.V) (CVE:PEA) Share Price Passes Below 50 Day Moving Average – What’s Next?

Pieridae Energy Limited (PEA.V) (CVE:PEA) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$0.30 and traded as low as C$0.30. Pieridae Energy Limited (PEA.V) shares last traded at C$0.30, with a volume of 395,956 shares trading hands.

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

The firm has a market cap of C$47.29 million and a P/E ratio of -0.41. The stock has a 50 day simple moving average of C$0.30 and a 200-day simple moving average of C$0.30. The company has a current ratio of 1.25, a quick ratio of 0.65 and a debt-to-equity ratio of 199.86.

About Pieridae Energy Limited (PEA.V)

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.