Questerre Energy (TSE:QEC) Sets New 52-Week Low – Here’s What Happened

Shares of Questerre Energy Co. (TSE:QEC) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$0.23 and last traded at C$0.23, with a volume of 34532 shares trading hands. The stock had previously closed at C$0.24.

Questerre Energy Stock Performance

The company has a current ratio of 0.51, a quick ratio of 2.62 and a debt-to-equity ratio of 191.23. The company has a 50-day simple moving average of C$0.26 and a 200 day simple moving average of C$0.27. The firm has a market cap of C$117.58 million, a PE ratio of -1.18 and a beta of -0.59.

Questerre Energy (TSE:QEC) last released its quarterly earnings results on Friday, May 15th. The company reported C($0.04) earnings per share for the quarter. The business had revenue of C$41.03 million during the quarter. Questerre Energy had a negative return on equity of 93.98% and a negative net margin of 88.15%. As a group, sell-side analysts forecast that Questerre Energy Co. will post 0.06 earnings per share for the current fiscal year.

Insider Transactions at Questerre Energy

In other 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 value of C$183,165.74. Following the sale, the insider 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 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.