Questerre Energy (TSE:QEC) Issues Earnings Results

Questerre Energy (TSE:QEC) issued its earnings results on Tuesday. The company reported C$0.06 earnings per share (EPS) for the quarter, FiscalAI reports. Questerre Energy had a negative return on equity of 93.98% and a negative net margin of 88.15%.The business had revenue of C$47.94 million during the quarter.

Questerre Energy Price Performance

TSE:QEC opened at C$0.23 on Wednesday. The company has a market capitalization of C$104.01 million, a P/E ratio of -1.05 and a beta of -0.57. The company has a quick ratio of 2.62, a current ratio of 0.51 and a debt-to-equity ratio of 191.23. Questerre Energy has a 52 week low of C$0.23 and a 52 week high of C$0.41. The stock’s fifty day moving average is C$0.25 and its two-hundred day moving average is C$0.27.

Insiders Place Their Bets

In other Questerre Energy news, insider Richard Tityk sold 631,606 shares of Questerre Energy stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of C$0.29, for a total transaction of C$183,165.74. Following the completion of the sale, the insider directly owned 174,394 shares in the company, valued at C$50,574.26. This trade represents a 78.36% decrease in their ownership of the stock. 4.63% of the stock is currently owned by company insiders.

Questerre Energy Company Profile

Questerre Energy Corp serves the oil and gas sector. The Canada-based company is engaged in the acquisition, exploration, and development of oil and gas projects. It operates non-conventional projects such as tight oil, oil shale, shale oil and shale gas. The segments of the group are Western Canada; Quebec ; and Corporate and others. Western Canada segment involves exploration and development activities in Western Canada including Alberta, Saskatchewan and Manitoba with the existing production of natural gas, crude oil and natural gas liquids.