Petroteq Energy (CVE:PQE) Reaches New 12-Month Low at $0.19

Petroteq Energy Inc (CVE:PQE) shares hit a new 52-week low on Tuesday . The company traded as low as C$0.19 and last traded at C$0.20, with a volume of 29500 shares trading hands. The stock had previously closed at C$0.20.

The company has a market cap of $26.79 million and a price-to-earnings ratio of -0.90. The company’s 50-day moving average price is C$0.25. The company has a debt-to-equity ratio of 14.94, a current ratio of 0.23 and a quick ratio of 0.05.

Petroteq Energy Company Profile (CVE:PQE)

Petroteq Energy Inc engages in the oil extraction and processing operations. The company is involved in the tar sands mining and oil processing activities using a closed-loop solvent based extraction system that recovers bitumen from surface mining. It holds a 100% working interest in 2,541.73 acre oil sands leases covering oil sands in the Asphalt Ridge area in Utah.

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