Cequence Energy (CQE) Reaches New 1-Year Low at $0.06

Cequence Energy Ltd (TSE:CQE) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$0.06 and last traded at C$0.06, with a volume of 51000 shares changing hands. The stock had previously closed at C$0.06.

Separately, GMP Securities downgraded Cequence Energy from a “hold” rating to a “reduce” rating and cut their price target for the company from C$0.15 to C$0.10 in a report on Monday, November 13th.

The stock has a market capitalization of $14.73, a price-to-earnings ratio of -0.14 and a beta of 1.61.

Cequence Energy (TSE:CQE) last announced its earnings results on Thursday, November 9th. The company reported C($0.01) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of C($0.01). Cequence Energy had a negative return on equity of 7.69% and a negative net margin of 25.96%. The firm had revenue of C$15.09 million for the quarter, compared to the consensus estimate of C$17.60 million.

TRADEMARK VIOLATION NOTICE: This story was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this story on another domain, it was illegally copied and reposted in violation of US and international trademark and copyright legislation. The correct version of this story can be accessed at https://www.dispatchtribunal.com/2018/02/12/cequence-energy-cqe-reaches-new-1-year-low-at-0-06.html.

Cequence Energy Company Profile

Cequence Energy Ltd. is a Canada-based company, which is engaged in the exploration for and the development of oil and natural gas reserves. The Company is engaged in the acquisition, exploration, development and production of petroleum and natural gas reserves in Western Canada. The Company’s principal properties are located in the Deep Basin area of Northwest Alberta; the Peace River Arch area of Northwest Alberta, and Northeast British Columbia.

Receive News & Ratings for Cequence Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cequence Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply