Altura Energy (CVE:ATU) Shares Up 5.6% – Here’s Why

Altura Energy Inc. (CVE:ATU) shares shot up 5.6% during trading on Monday . The company traded as high as C$0.38 and last traded at C$0.38. 507,620 shares changed hands during mid-day trading, an increase of 109% from the average session volume of 243,050 shares. The stock had previously closed at C$0.36.

Altura Energy Stock Up 5.6%

The company has a market capitalization of C$103.67 million and a P/E ratio of 4.52. The company has a 50-day moving average of C$0.38 and a two-hundred day moving average of C$0.38. The company has a quick ratio of 0.33, a current ratio of 0.37 and a debt-to-equity ratio of 14.63.

About Altura Energy

Altura Energy Inc operates as a junior oil and gas exploration, development, and production company in central Alberta. As of December 31, 2020, the company held a 89% working interest in 44,353 acres of land at Leduc-Woodbend Rex Pool property; and a 54.1% working interest in 1,920 acres of land in the Leduc-Woodbend Glauconitic D Unit No.1 property. It also operated 22 producing and 40 non-producing oil wells. The company was formerly known as Northern Spirit Resources Inc and changed its name to Altura Energy Inc in October 2015.