Pieridae Energy Limited (PEA.V) (CVE:PEA) Share Price Crosses Below Fifty Day Moving Average – What’s Next?

Pieridae Energy Limited (PEA.V) (CVE:PEA) shares crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$0.30 and traded as low as C$0.30. Pieridae Energy Limited (PEA.V) shares last traded at C$0.30, with a volume of 395,956 shares.

Pieridae Energy Limited (PEA.V) Stock Down 10.4%

The company has a debt-to-equity ratio of 199.86, a current ratio of 1.25 and a quick ratio of 0.65. The firm’s 50 day moving average price is C$0.30 and its two-hundred day moving average price is C$0.30. The firm has a market cap of C$47.29 million and a price-to-earnings ratio of -0.41.

Pieridae Energy Limited (PEA.V) Company Profile

Pieridae Energy Limited engages in the acquisition, exploration, and development of petroleum and natural gas resources in Canada. The company holds interests in 19,342 net acres in Ojay area, and 212,155 net acres in the Deep Basin Sierra and Ekwan areas, British Columbia; and 220,212 net acres in Northern Alberta Foothills, 180,938 net acres in Central Alberta Foothills, and 5,423 net acres in Southern Alberta Foothills, Alberta.