Questerre Energy (TSE:QEC) Shares Pass Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Technical move: Questerre Energy crossed above its 200-day moving average (C$0.30), trading as high as C$0.33 and last at C$0.30 on volume of 111,540 shares.
• Earnings and profitability: The company reported C($0.17) EPS for the quarter and has a negative net margin (-102.33%) and negative ROE (-64.56%), though analysts project 0.06 EPS for the current year.
• Balance sheet and valuation: Market cap is C$128.55M with a P/E of -1.67 and a high debt-to-equity ratio (133.35) alongside a low current ratio (0.50), signalling leverage and liquidity concerns.

Questerre Energy Co. (TSE:QEC - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$0.30 and traded as high as C$0.33. Questerre Energy shares last traded at C$0.30, with a volume of 111,540 shares changing hands.

Questerre Energy Price Performance

The stock has a market cap of C$128.55 million, a price-to-earnings ratio of -1.67 and a beta of -0.68. The stock has a fifty day simple moving average of C$0.28 and a 200-day simple moving average of C$0.30. The company has a current ratio of 0.50, a quick ratio of 2.62 and a debt-to-equity ratio of 133.35.

Questerre Energy (TSE:QEC - Get Free Report) last released its earnings results on Wednesday, April 1st. The company reported C($0.17) earnings per share (EPS) for the quarter. The business had revenue of C$39.97 million during the quarter. Questerre Energy had a negative net margin of 102.33% and a negative return on equity of 64.56%. As a group, equities research analysts expect that Questerre Energy Co. will post 0.06 EPS for the current year.

Questerre Energy Company Profile

Questerre Energy Corp serves the oil and gas sector. The Canada-based company is engaged in the acquisition, exploration, and development of oil and gas projects. It operates non-conventional projects such as tight oil, oil shale, shale oil and shale gas. The segments of the group are Western Canada; Quebec ; and Corporate and others. Western Canada segment involves exploration and development activities in Western Canada including Alberta, Saskatchewan and Manitoba with the existing production of natural gas, crude oil and natural gas liquids.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.