Peyto Exploration & Development (TSE:PEY) Shares Pass Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Peyto Exploration & Development Corp. shares have surpassed their 200-day moving average, with trading peaking at C$20.18 before closing at C$19.79.
• Insider Riley Millar Frame sold 47,000 shares of the company for C$18.45 each, representing a 26.93% decrease in their ownership, while insider Crissy Rafoss purchased additional shares.
• The company has a market capitalization of C$3.97 billion and a price-to-earnings ratio of 11.99, indicating potential interest for investors.

Peyto Exploration & Development Corp. (TSE:PEY - ) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$18.68 and traded as high as C$20.18. Peyto Exploration & Development shares last traded at C$19.79, with a volume of 1,255,329 shares.

Peyto Exploration & Development Stock Performance

The company has a market capitalization of C$3.97 billion, a price-to-earnings ratio of 11.99, a PEG ratio of -0.46 and a beta of 0.00. The stock has a fifty day moving average price of C$18.75 and a two-hundred day moving average price of C$18.68. 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 Transactions at Peyto Exploration & Development

In other news, insider Riley Millar Frame sold 47,000 shares of the business's stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of C$18.45, for a total value of C$867,239.30. Following the completion of the transaction, the insider directly 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 ownership of the stock. Also, insider Crissy Rafoss purchased 5,500 shares of the business's stock in a transaction dated Wednesday, September 3rd. The stock was bought at an average cost of C$18.51 per share, with a total value of C$101,805.00. Following the completion of the acquisition, the insider owned 5,500 shares of the company's stock, valued at approximately C$101,805. The trade was a ∞ increase in their ownership of the stock. Insiders purchased a total of 14,450 shares of company stock valued at $267,380 over the last three months. 2.36% of the stock is currently owned by insiders.

About Peyto Exploration & Development

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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