Questerre Energy (TSE:QEC) Stock Price Down 10% – Here’s Why

Questerre Energy Co. (TSE:QEC) was down 10% during trading on Friday . The stock traded as low as C$0.27 and last traded at C$0.27. 107,925 shares were traded during trading, an increase of 69% from the average daily volume of 63,689 shares. The stock had previously closed at C$0.30.

Questerre Energy Trading Down 10.0%

The firm has a market cap of C$122.25 million, a price-to-earnings ratio of -1.69 and a beta of -0.61. The firm’s 50-day moving average is C$0.25 and its 200-day moving average is C$0.27. The company has a current ratio of 0.82, a quick ratio of 2.62 and a debt-to-equity ratio of 124.60.

Questerre Energy (TSE:QEC) last released its quarterly earnings data on Tuesday, August 11th. The company reported C$0.06 earnings per share for the quarter. The firm had revenue of C$47.94 million for the quarter. Questerre Energy had a negative net margin of 47.54% and a negative return on equity of 74.92%. As a group, sell-side analysts anticipate that Questerre Energy Co. will post 0.06 EPS for the current fiscal year.

Questerre Energy Company Profile

Questerre Energy Corp serves the oil and gas sector. The Canada-based company is engaged in the acquisition, exploration, and development of oil and gas projects. It operates non-conventional projects such as tight oil, oil shale, shale oil and shale gas. The segments of the group are Western Canada; Quebec ; and Corporate and others. Western Canada segment involves exploration and development activities in Western Canada including Alberta, Saskatchewan and Manitoba with the existing production of natural gas, crude oil and natural gas liquids.