Questerre Energy (TSE:QEC) Sets New 12-Month Low – Here’s What Happened

Shares of Questerre Energy Co. (TSE:QEC) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$0.23 and last traded at C$0.23, with a volume of 105134 shares. The stock had previously closed at C$0.24.

Questerre Energy Price Performance

The company has a current ratio of 0.51, a quick ratio of 2.62 and a debt-to-equity ratio of 191.23. The business’s fifty day moving average is C$0.28 and its 200 day moving average is C$0.28. The company has a market cap of C$104.01 million, a P/E ratio of -1.05 and a beta of -0.59.

Questerre Energy (TSE:QEC) last announced its quarterly earnings data on Friday, May 15th. The company reported C($0.04) earnings per share for the quarter. Questerre Energy had a negative net margin of 88.15% and a negative return on equity of 93.98%. The firm had revenue of C$41.03 million for the quarter. As a group, sell-side analysts anticipate that Questerre Energy Co. will post 0.06 EPS for the current year.

Insider Activity at Questerre Energy

In other news, insider Richard Tityk sold 631,606 shares of the stock in a transaction on 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 completion of the transaction, the insider owned 174,394 shares in the company, valued at approximately C$50,574.26. This represents a 78.36% decrease in their position. 4.63% of the stock is owned by corporate insiders.

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.