Questerre Energy (TSE:QEC) Hits New 52-Week Low – Time to Sell?

Shares of Questerre Energy Co. (TSE:QEC) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$0.23 and last traded at C$0.23, with a volume of 34532 shares changing hands. The stock had previously closed at C$0.24.

Questerre Energy Stock Down 4.2%

The stock has a fifty day moving average price of C$0.26 and a 200 day moving average price of C$0.28. The company has a debt-to-equity ratio of 191.23, a current ratio of 0.51 and a quick ratio of 2.62. The stock has a market capitalization of C$104.01 million, a P/E ratio of -1.05 and a beta of -0.59.

Questerre Energy (TSE:QEC) last announced its quarterly earnings results on Friday, May 15th. The company reported C($0.04) earnings per share for the quarter. Questerre Energy had a negative net margin of 88.15% and a negative return on equity of 93.98%. The company had revenue of C$41.03 million during the quarter. On average, research analysts forecast that Questerre Energy Co. will post 0.06 earnings per share for the current year.

Insider Buying and Selling

In other Questerre Energy news, insider Richard Tityk sold 631,606 shares of Questerre Energy stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of C$0.29, for a total transaction of C$183,165.74. Following the completion of the transaction, the insider owned 174,394 shares of the company’s stock, valued at C$50,574.26. The trade was a 78.36% decrease in their position. 4.63% of the stock is currently owned by corporate insiders.

About Questerre Energy

Questerre Energy Corp serves the oil and gas sector. The Canada-based company is engaged in the acquisition, exploration, and development of oil and gas projects. It operates non-conventional projects such as tight oil, oil shale, shale oil and shale gas. The segments of the group are Western Canada; Quebec ; and Corporate and others. Western Canada segment involves exploration and development activities in Western Canada including Alberta, Saskatchewan and Manitoba with the existing production of natural gas, crude oil and natural gas liquids.