Pan Orient Energy (CVE:POE) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Pan Orient Energy Corp. (CVE:POE) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$1.21 and traded as high as C$1.21. Pan Orient Energy shares last traded at C$1.21, with a volume of 300,000 shares trading hands.

Pan Orient Energy Stock Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 3.60 and a quick ratio of 3.58. The company has a 50 day simple moving average of C$1.21 and a 200-day simple moving average of C$1.21. The stock has a market cap of C$60.25 million and a P/E ratio of 3.90.

Pan Orient Energy Company Profile

Pan Orient Energy Corp., a junior oil and natural gas company, engages in the exploration, development, and production of oil and gas properties in Thailand and Canada. It holds a 100% interest in the L53/48 concession located in west of Bangkok, Thailand; and a 50% interest in the Sawn Lake property comprising 27 sections of oil sands leases situated in the central Alberta Peace River Oil Sands area, Canada. The company is based in Calgary, Canada.