Perpetual Energy (TSE:PMT) Hits New 52-Week Low at $0.17

Perpetual Energy Inc. (TSE:PMT) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$0.17 and last traded at C$0.17, with a volume of 22500 shares. The stock had previously closed at C$0.18.

Separately, GMP Securities reduced their price target on Perpetual Energy from C$0.40 to C$0.30 in a research report on Friday, June 28th.

The company has a debt-to-equity ratio of 130.15, a quick ratio of 0.16 and a current ratio of 0.99. The company has a market cap of $11.16 million and a price-to-earnings ratio of -0.19. The business has a 50-day simple moving average of C$0.20 and a 200-day simple moving average of C$0.25.

Perpetual Energy (TSE:PMT) last posted its quarterly earnings results on Wednesday, July 31st. The company reported C($0.22) earnings per share (EPS) for the quarter. The business had revenue of C$19.24 million during the quarter. Research analysts anticipate that Perpetual Energy Inc. will post -0.8627027 EPS for the current year.

About Perpetual Energy (TSE:PMT)

Perpetual Energy Inc engages in the exploration, development, and marketing of oil and natural gas based energy in Canada. It produces heavy oil, liquids-rich natural gas, shallow gas, and bitumen. The company has liquids-rich natural gas assets in the deep basin of west central Alberta; heavy oil and shallow natural gas assets in eastern Alberta; and undeveloped oil sands leases in northern Alberta.

Read More: Return on Investment (ROI)

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