Perpetual Energy (PMT) Reaches New 1-Year Low at $0.98

Shares of Perpetual Energy Inc. (TSE:PMT) reached a new 52-week low on Monday . The stock traded as low as C$0.98 and last traded at C$1.00, with a volume of 24944 shares changing hands. The stock had previously closed at C$1.00.

PMT has been the topic of several recent analyst reports. TD Securities raised their price target on Perpetual Energy from C$1.20 to C$1.35 and gave the company a “hold” rating in a report on Wednesday, November 8th. GMP Securities raised their price target on Perpetual Energy from C$2.05 to C$2.10 in a report on Monday, November 13th.

In other news, insider William Mark Schweitzer acquired 100,000 shares of Perpetual Energy stock in a transaction dated Thursday, November 16th. The shares were purchased at an average cost of C$1.12 per share, for a total transaction of C$112,000.00. Insiders have bought a total of 109,000 shares of company stock worth $122,900 over the last quarter.

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About Perpetual Energy

Perpetual Energy Inc (Perpetual) is a Canada-based oil and natural gas exploration and production company. The Company is engaged in finding, developing, producing and marketing natural gas, natural gas liquids (NGL), oil and bitumen. Perpetual’s business consists of operations in Alberta focused on exploring and developing the natural gas and NGL resource opportunities in the deep basin in west central Alberta; the exploration for and extraction of heavy oil in eastern Alberta; the development and production of shallow natural gas from mature producing regions in eastern Alberta; bitumen opportunities in northeast Alberta, and interest in a commercial gas storage business through the operation and ownership in a gas storage facility at Warwick in east central Alberta.

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