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Canaccord Genuity initiated coverage on shares of Questerre Energy (TSE:QEC) in a research note issued on Wednesday. The firm set a “buy” rating and a C$1.85 price target on the stock. Canaccord Genuity’s price objective would indicate a potential upside of 43.41% from the company’s current price.

Shares of Questerre Energy (TSE:QEC) traded up 3.10% on Wednesday, hitting $1.33. 66,600 shares of the company’s stock traded hands. Questerre Energy has a 52 week low of $0.70 and a 52 week high of $1.58. The stock’s 50-day moving average is $1.28 and its 200-day moving average is $1.2. The company’s market cap is $352.4 million.

Questerre Energy Corporation (TSE:QEC) is engaged in the exploration for, and the development, production and acquisition of oil and gas projects, particularly shale oil and gas.

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