Hillcrest Petroleum (CVE:HRH) Shares Up 20%

Hillcrest Petroleum Ltd (CVE:HRH)’s stock price shot up 20% on Thursday . The stock traded as high as C$0.03 and last traded at C$0.03, 344,000 shares traded hands during trading. An increase of 218% from the average session volume of 108,081 shares. The stock had previously closed at C$0.03.

The stock has a market capitalization of $2.74 million and a PE ratio of -1.50. The firm’s fifty day moving average price is C$0.03 and its two-hundred day moving average price is C$0.03.

About Hillcrest Petroleum (CVE:HRH)

Hillcrest Petroleum Ltd. engages in the acquisition, exploration, development, and production of oil and gas reserves in Canada. It holds an agreement to acquire a 75% working interest in the Western Canada Sedimentary Basin located in the provinces of Alberta and Saskatchewan. The company was formerly known as Hillcrest Resources Ltd.

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