Questerre Energy (TSE:QEC) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Questerre Energy Co. (TSE:QEC)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.27 and traded as high as C$0.31. Questerre Energy shares last traded at C$0.31, with a volume of 15,511 shares traded.

Questerre Energy Stock Up 3.3%

The company has a current ratio of 0.82, a quick ratio of 2.62 and a debt-to-equity ratio of 124.60. The stock’s 50-day simple moving average is C$0.26 and its 200-day simple moving average is C$0.27. The firm has a market capitalization of C$140.36 million, a P/E ratio of -1.94 and a beta of -0.61.

Questerre Energy (TSE:QEC) last posted its earnings results on Tuesday, August 11th. The company reported C$0.06 EPS for the quarter. Questerre Energy had a negative net margin of 47.54% and a negative return on equity of 74.92%. The firm had revenue of C$47.94 million for the quarter. As a group, research analysts predict that Questerre Energy Co. will post 0.06 earnings per share for the current fiscal year.

Questerre Energy Company Profile

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.