Pieridae Energy Limited (PEA.V) (CVE:PEA) Shares Down 10.4% – Here’s What Happened

Pieridae Energy Limited (PEA.V) (CVE:PEA)’s share price dropped 10.4% on Monday. The company traded as low as C$0.29 and last traded at C$0.30. 395,956 shares were traded 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) Price Performance

The company has a current ratio of 1.25, a quick ratio of 0.65 and a debt-to-equity ratio of 199.86. The firm’s 50-day moving average price is C$0.30 and its 200-day moving average price is C$0.30. The stock has a market capitalization of C$47.29 million and a PE ratio of -0.41.

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. It also holds interests in Bourque, Gastonguay, Matapédia, and Restigouche properties located in Quebec; and approximately 50,000 acres of land in New Brunswick.