Petroteq Energy (PQE) Shares Down 3.8%

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Petroteq Energy Inc (CVE:PQE) shares fell 3.8% during trading on Monday . The company traded as low as C$0.37 and last traded at C$0.38. 95,500 shares traded hands during mid-day trading, a decline of 20% from the average session volume of 118,930 shares. The stock had previously closed at C$0.39.

The company has a market cap of $46.86 million and a P/E ratio of -1.48. The company has a debt-to-equity ratio of 14.99, a current ratio of 0.27 and a quick ratio of 0.13.

Petroteq Energy (CVE:PQE) last released its earnings results on Tuesday, January 29th. The company reported C($0.09) EPS for the quarter. On average, analysts forecast that Petroteq Energy Inc will post -0.0700000034567903 earnings per share for the current year.

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Petroteq Energy Company Profile (CVE:PQE)

Petroteq Energy Inc engages in the oil extraction and processing operations. The company is involved in the tar sands mining and oil processing activities using a closed-loop solvent based extraction system that recovers bitumen from surface mining. It holds a 100% working interest in 2,541.73 acre oil sands leases covering oil sands in the Asphalt Ridge area in Utah.

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