Hillcrest Petroleum (CVE:HRH) Shares Up 10% – Time to Buy?

Hillcrest Petroleum Ltd. (CVE:HRH)’s share price rose 10% during trading on Monday . The company traded as high as C$0.22 and last traded at C$0.22. Approximately 968,083 shares traded hands during mid-day trading, a decline of 71% from the average daily volume of 3,372,558 shares. The stock had previously closed at C$0.20.

Hillcrest Petroleum Price Performance

The business has a 50 day moving average price of C$0.22 and a 200 day moving average price of C$0.22. The firm has a market capitalization of C$46.26 million and a P/E ratio of -12.94.

About Hillcrest Petroleum

Hillcrest Petroleum Ltd. engages in the acquisition, exploration, development, and production of oil and gas reserves in North America. It has an option to acquire 75% working interest in West Hazel field, a petroleum asset located in the Western Canadian Sedimentary Basin, Saskatchewan. The company was formerly known as Hillcrest Resources Ltd. and changed its name to Hillcrest Petroleum Ltd. in March 2015. Hillcrest Petroleum Ltd. was founded in 2006 and is headquartered in Vancouver, Canada.