Traverse Energy (TVL) Trading 23.1% Higher

Traverse Energy Ltd. (CVE:TVL)’s share price traded up 23.1% during mid-day trading on Tuesday . The company traded as high as C$0.08 and last traded at C$0.08. 387,000 shares were traded during trading, an increase of 468% from the average session volume of 68,089 shares. The stock had previously closed at C$0.07.

The company has a quick ratio of 0.09, a current ratio of 0.12 and a debt-to-equity ratio of 20.41.

Traverse Energy (CVE:TVL) last posted its quarterly earnings data on Wednesday, August 22nd. The company reported C($0.08) earnings per share (EPS) for the quarter. The business had revenue of C$1.78 million for the quarter. As a group, equities analysts anticipate that Traverse Energy Ltd. will post -0.0323076918106509 earnings per share for the current year.

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About Traverse Energy (CVE:TVL)

Traverse Energy Ltd. engages in the acquisition, exploration, development, and production of natural gas, oil, and natural gas liquids (NGL) in Canada. The company's principal properties include the Coyote, Michichi, Turin, Duvernay shale, and Watts located in the province of Alberta. As of December 31, 2017, its proved plus probable reserves included 5,626 million cubic feet of natural gas and 1,289.6 thousands of barrels of oil and NGL.

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