Pieridae Energy Limited (PEA.V) (CVE:PEA) Shares Down 10.4% – Here’s What Happened

Pieridae Energy Limited (PEA.V) (CVE:PEA)’s stock price dropped 10.4% on Wednesday . The stock traded as low as C$0.30 and last traded at C$0.30. Approximately 395,956 shares traded hands during trading, an increase of 344% from the average daily volume of 89,233 shares. The stock had previously closed at C$0.34.

Pieridae Energy Limited (PEA.V) Price Performance

The stock’s 50 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 price-to-earnings 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.