Questerre Energy (TSE:QEC) Shares Up 14.8% – What’s Next?

Questerre Energy Co. (TSE:QEC)’s share price traded up 14.8% during trading on Thursday . The company traded as high as C$0.31 and last traded at C$0.31. Approximately 203,005 shares changed hands during trading, an increase of 224% from the average daily volume of 62,611 shares. The stock had previously closed at C$0.27.

Questerre Energy Price Performance

The firm has a market cap of C$140.36 million, a price-to-earnings ratio of -1.94 and a beta of -0.57. The company has a debt-to-equity ratio of 124.60, a quick ratio of 2.62 and a current ratio of 0.82. The stock’s 50 day simple moving average is C$0.25 and its 200-day simple moving average is C$0.27.

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

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.