Pieridae Energy Limited (PEA.V) (CVE:PEA) Stock Passes Above Fifty Day Moving Average – Here’s What Happened

Shares of Pieridae Energy Limited (PEA.V) (CVE:PEA) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$0.30 and traded as high as C$0.31. Pieridae Energy Limited (PEA.V) shares last traded at C$0.30, with a volume of 395,956 shares.

Pieridae Energy Limited (PEA.V) Price Performance

The firm’s fifty day simple moving average is C$0.30 and its 200 day simple moving average is C$0.30. The firm has a market cap of C$47.29 million and a P/E ratio of -0.41. The company has a debt-to-equity ratio of 199.86, a quick ratio of 0.65 and a current ratio of 1.25.

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. It also holds interests in Bourque, Gastonguay, Matapédia, and Restigouche properties located in Quebec; and approximately 50,000 acres of land in New Brunswick.