Pan Orient Energy Corp. (CVE:POE) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $2.00 and traded as low as $2.14. Pan Orient Energy shares last traded at $2.23, with a volume of 58,900 shares.
The company has a debt-to-equity ratio of 0.13, a quick ratio of 43.16 and a current ratio of 43.16. The firm has a market capitalization of $119.13 million and a price-to-earnings ratio of -229.00. The business has a fifty day moving average price of C$2.01.
Pan Orient Energy (CVE:POE) last issued its quarterly earnings results on Wednesday, May 15th. The oil and natural gas company reported C($0.02) earnings per share for the quarter. On average, equities analysts forecast that Pan Orient Energy Corp. will post 0.0199087 EPS for the current year.
In other news, insider Pan Orient Energy Corp. acquired 18,700 shares of Pan Orient Energy stock in a transaction dated Monday, June 10th. The stock was purchased at an average cost of C$1.84 per share, for a total transaction of C$34,408.00. Following the completion of the purchase, the insider now directly owns 18,700 shares in the company, valued at approximately C$34,408. Over the last 90 days, insiders bought 38,900 shares of company stock valued at $75,201.
About Pan Orient Energy (CVE:POE)
Pan Orient Energy Corp., together with its subsidiaries, engages in the exploration, development, and production of oil and gas properties in Thailand, Indonesia, and Canada. It holds interests in the concession L53/48 located in west of Bangkok, Thailand; the East Jabung production sharing contract located in South Sumatra, Indonesia; and 78 sections of Sawn Lake Alberta Crown oil sands located in the central Alberta Peace River Oil Sands area.
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