PetroShale Inc. (CVE:PSH – Get Free Report)’s stock price rose 1.5% during mid-day trading on Tuesday . The stock traded as high as C$0.68 and last traded at C$0.67. Approximately 136,650 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 503,148 shares. The stock had previously closed at C$0.66.
PetroShale Trading Up 1.5 %
The company has a quick ratio of 0.72, a current ratio of 0.73 and a debt-to-equity ratio of 36.65. The firm has a market capitalization of C$441.96 million and a PE ratio of 7.28. The business’s fifty day moving average price is C$0.67 and its 200 day moving average price is C$0.67.
About PetroShale
PetroShale Inc, an independent oil company, engages in the acquisition, development, and production of oil-weighted assets primarily in the Bakken and Three Forks formations in the Williston Basin area of North Dakota. It holds interests in the Middle Bakken and Three Forks Benches One, Two, Three, and Four formations, as well as Pronghorn/Sanish and Lodgepole areas.
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