Questerre Energy (TSE:QEC) Stock Price Crosses Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Questerre shares crossed above its 200-day moving average (200‑day MA C$0.29), trading as high as C$0.34 on Monday with a volume of 209,341 shares and a roughly 3.0% intraday gain.
• The company has a market cap of C$145.7M and a negative P/E of -1.89, with a high debt‑to‑equity ratio (133.35) despite a quick ratio of 2.62, signaling leveraged financials.
• In the latest quarter Questerre reported a C($0.17) EPS loss0.06 EPS for the current fiscal year.

Questerre Energy Co. (TSE:QEC - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$0.29 and traded as high as C$0.34. Questerre Energy shares last traded at C$0.34, with a volume of 209,341 shares.

Questerre Energy Stock Up 3.0%

The firm has a market cap of C$145.70 million, a price-to-earnings ratio of -1.89 and a beta of -0.65. The firm's 50 day moving average price is C$0.28 and its two-hundred day moving average price is C$0.29. The company has a debt-to-equity ratio of 133.35, a current ratio of 0.50 and a quick ratio of 2.62.

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

About Questerre Energy

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.

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