Petroshale (PSH) Stock Price Down 7.7%

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.

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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.

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