Shares of Point Loma Resources Ltd (CVE:PLX) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$0.04 and last traded at C$0.04, with a volume of 168000 shares. The stock had previously closed at C$0.05.
The business has a 50-day moving average price of C$0.06 and a 200-day moving average price of C$0.12. The firm has a market capitalization of $4.01 million and a price-to-earnings ratio of -0.16. The company has a quick ratio of 0.38, a current ratio of 0.41 and a debt-to-equity ratio of 24.83.
Point Loma Resources Company Profile (CVE:PLX)
Point Loma Resources Ltd. engages in the acquisition, development, and production of petroleum and natural gas reserves in the province of Alberta, Canada. The company holds interests in approximately 160,000 net acres and has an inventory of opportunities in the Mannville, Nordegg, Banff, and Duvernay Shale formations in west central Alberta.
Further Reading: Retained Earnings
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