Pan Orient Energy (CVE:POE) Shares Pass Above 200-Day Moving Average – What’s Next?

Pan Orient Energy Corp. (CVE:POE)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$1.21 and traded as high as C$1.21. Pan Orient Energy shares last traded at C$1.21, with a volume of 300,000 shares changing hands.

Pan Orient Energy Stock Down 2.4%

The company has a fifty day moving average of C$1.21 and a 200 day moving average of C$1.21. The company has a quick ratio of 3.58, a current ratio of 3.60 and a debt-to-equity ratio of 0.01. The company has a market cap of C$60.25 million and a P/E ratio of 3.90.

About Pan Orient Energy

Pan Orient Energy Corp., a junior oil and natural gas company, engages in the exploration, development, and production of oil and gas properties in Thailand and Canada. It holds a 100% interest in the L53/48 concession located in west of Bangkok, Thailand; and a 50% interest in the Sawn Lake property comprising 27 sections of oil sands leases situated in the central Alberta Peace River Oil Sands area, Canada. The company is based in Calgary, Canada.