Shares of Petroshale Inc (CVE:PSH) dropped 7.7% during mid-day trading on Thursday . The stock traded as low as C$1.18 and last traded at C$1.20. Approximately 262,482 shares changed hands during mid-day trading, an increase of 239% from the average daily volume of 77,436 shares. The stock had previously closed at C$1.30.
Separately, National Bank Financial restated an “outperform market weight” rating on shares of Petroshale in a research note on Tuesday, September 11th.
The company has a debt-to-equity ratio of 81.28, a current ratio of 0.79 and a quick ratio of 0.78.
Petroshale (CVE:PSH) last released its earnings results on Thursday, November 29th. The company reported C$0.06 earnings per share for the quarter. The company had revenue of C$40.12 million for the quarter.
TRADEMARK VIOLATION NOTICE: “Petroshale (PSH) Stock Price Down 7.7%” was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this piece on another website, it was illegally stolen and republished in violation of US & international copyright & trademark laws. The legal version of this piece can be read at https://www.dispatchtribunal.com/2018/12/13/petroshale-psh-stock-price-down-7-7.html.
About Petroshale (CVE:PSH)
PetroShale Inc, a junior oil and natural gas company, engages in the acquisition, development, and consolidation of interests primarily in the North Dakota Bakken/Three Forks. It owns interests in the Antelope field covering an area of 1,639 net acres located in North Dakota; approximately 1,931 net acres in the South Berthold area of North Dakota; approximately 340 net acres in the North Nesson area; and approximately 120 acres in the Stockyard Creek area of North Dakota, the United States.
Featured Story: What are defining characteristics of a correction?
Receive News & Ratings for Petroshale Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Petroshale and related companies with MarketBeat.com's FREE daily email newsletter.