Questerre Energy (TSE:QEC) Hits New 12-Month Low – Should You Sell?

Questerre Energy Co. (TSE:QEC) shares hit a new 52-week low on Thursday . The company traded as low as C$0.23 and last traded at C$0.23, with a volume of 35257 shares. The stock had previously closed at C$0.24.

Questerre Energy Price Performance

The company has a market cap of C$108.53 million, a PE ratio of -1.09 and a beta of -0.63. The stock’s 50 day moving average price is C$0.29 and its 200-day moving average price is C$0.28. The company has a debt-to-equity ratio of 191.23, a quick ratio of 2.62 and a current ratio of 0.51.

Questerre Energy (TSE:QEC) last released its earnings results on Friday, May 15th. The company reported C($0.04) EPS for the quarter. The business had revenue of C$41.03 million for the quarter. Questerre Energy had a negative net margin of 88.15% and a negative return on equity of 93.98%. On average, analysts predict that Questerre Energy Co. will post 0.06 earnings per share for the current year.

Insider Transactions at Questerre Energy

In other news, insider Richard Tityk sold 631,606 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of C$0.29, for a total transaction of C$183,165.74. Following the transaction, the insider directly owned 174,394 shares of the company’s stock, valued at approximately C$50,574.26. This trade represents a 78.36% decrease in their ownership of the stock. 4.63% of the stock is currently owned by insiders.

About Questerre Energy

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.