Canaccord Genuity Increases Questerre Energy Corp (QEC) Price Target to C$0.30
Questerre Energy Corp (TSE:QEC) had its price target raised by research analysts at Canaccord Genuity from C$0.25 to C$0.30 in a note issued to investors on Wednesday, StockTargetPrices.com reports. The brokerage presently has a “hold” rating on the stock. Canaccord Genuity’s price objective would indicate a potential upside of 11.11% from the company’s previous close.
Questerre Energy Corp (TSE:QEC) traded up 35.185% during mid-day trading on Wednesday, reaching $0.365. The company’s stock had a trading volume of 765,103 shares. The stock’s market capitalization is $106.33 million. Questerre Energy Corp has a 1-year low of $0.13 and a 1-year high of $0.39. The stock’s 50 day moving average price is $0.21 and its 200 day moving average price is $0.19.
About Questerre Energy Corp
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Questerre Energy Corporation is a Canada-based independent energy company focused on non-conventional oil and gas resources. The Company is developing a portfolio of oil shale assets. The Company operates through Canada segment. The Company has base production and reserves in the tight oil bakken/torquay of southeast Saskatchewan.
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