Pieridae Energy Limited (PEA.V) (CVE:PEA) Share Price Passes Above 50-Day Moving Average – What’s Next?

Pieridae Energy Limited (PEA.V) (CVE:PEA)’s share price passed above its fifty day moving average during trading on Thursday . The stock has a fifty 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 changing hands.

Pieridae Energy Limited (PEA.V) Trading Down 10.4 %

The company has a market cap of C$47.29 million and a PE ratio of -0.41. The company has a quick ratio of 0.65, a current ratio of 1.25 and a debt-to-equity ratio of 199.86. The business has a 50-day simple moving average of C$0.30 and a 200-day simple moving average of C$0.30.

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.