Peyto Exploration & Development (TSE:PEY) Shares Cross Above 200 Day Moving Average - What's Next?

Key Points

• Peyto Exploration & Development Corp. shares have crossed above their 200-day moving average of C$18.50, closing at C$18.75 with a high of C$18.94 during trading.
• Insider transactions include a 47,000 share sale by Riley Millar Frame, reducing their holdings by nearly 27%, while another insider, Crissy Rafoss, purchased 5,500 shares at an average cost of C$18.51.
• Peyto has a market capitalization of C$3.76 billion and operates in the exploration and development of crude oil and unconventional natural gas reserves.

Shares of Peyto Exploration & Development Corp. (TSE:PEY - ) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$18.50 and traded as high as C$18.94. Peyto Exploration & Development shares last traded at C$18.75, with a volume of 986,979 shares.

Peyto Exploration & Development Price Performance

The stock's 50-day moving average is C$18.84 and its 200-day moving average is C$18.50. The firm has a market cap of C$3.76 billion, a P/E ratio of 11.36, a price-to-earnings-growth ratio of -0.46 and a beta of 0.20. The company has a quick ratio of 0.32, a current ratio of 1.28 and a debt-to-equity ratio of 49.96.

Insider Buying and Selling at Peyto Exploration & Development

In other Peyto Exploration & Development news, insider Riley Millar Frame sold 47,000 shares of the business's stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of C$18.45, for a total value of C$867,239.30. Following the sale, the insider owned 127,527 shares of the company's stock, valued at C$2,353,115.45. The trade was a 26.93% decrease in their position. Also, insider Crissy Rafoss purchased 5,500 shares of the stock in a transaction on Wednesday, September 3rd. The stock was acquired at an average cost of C$18.51 per share, for a total transaction of C$101,805.00. Following the acquisition, the insider directly owned 5,500 shares in the company, valued at approximately C$101,805. This trade represents a ∞ increase in their ownership of the stock. Insiders acquired a total of 14,450 shares of company stock worth $267,380 in the last three months. Insiders own 2.36% of the company's stock.

Peyto Exploration & Development Company Profile

Peyto Exploration & Development Corp (Peyto Exploration & Development) is an oil and gas company that involves in the exploration and development of natural gas. The company acquires, explores, develops and produces crude oil and unconventional natural gas reserves.

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