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

Pan Orient Energy Corp. (CVE:POE)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 stock has a 50-day moving average of C$1.21 and a 200 day moving average of C$1.21. The firm has a market capitalization of C$60.25 million and a P/E ratio of 3.90. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.58 and a current ratio of 3.60.

About Pan Orient Energy

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.