Cathedral Energy Services (TSE:CET) Shares Pass Above Two Hundred Day Moving Average of $0.47

Cathedral Energy Services Ltd (TSE:CET) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.47 and traded as high as $0.28. Cathedral Energy Services shares last traded at $0.28, with a volume of 4,500 shares.

The stock’s fifty day moving average price is C$0.30 and its 200-day moving average price is C$0.47. The firm has a market cap of $12.61 million and a price-to-earnings ratio of -0.55. The company has a current ratio of 2.19, a quick ratio of 1.60 and a debt-to-equity ratio of 38.26.

Cathedral Energy Services (TSE:CET) last released its quarterly earnings data on Thursday, August 8th. The company reported C($0.11) EPS for the quarter, missing analysts’ consensus estimates of C($0.07) by C($0.04). The company had revenue of C$32.55 million for the quarter, compared to analysts’ expectations of C$29.60 million. Analysts predict that Cathedral Energy Services Ltd will post -0.09 earnings per share for the current year.

Cathedral Energy Services Company Profile (TSE:CET)

Cathedral Energy Services Ltd., together with its subsidiary, Cathedral Energy Services Inc, provides directional drilling services to oil and natural gas companies in western Canada and the United States. It offers horizontal, directional, and underbalanced drilling services; and well planning and drilling optimization services.

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