Questerre Energy (TSE:QEC) Shares Break Above Two Hundred Day Moving Average – Time to Sell?

Questerre Energy Co. (TSE:QEC) crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of C$0.27 and traded as high as C$0.28. Questerre Energy shares last traded at C$0.28, with a volume of 1,500 shares.

Questerre Energy Price Performance

The business has a fifty day moving average of C$0.27 and a two-hundred day moving average of C$0.27. The company has a debt-to-equity ratio of 124.60, a quick ratio of 2.62 and a current ratio of 0.82. The firm has a market capitalization of C$129.04 million, a price-to-earnings ratio of -1.78 and a beta of -0.61.

Questerre Energy (TSE:QEC) last announced its quarterly earnings results on Tuesday, August 11th. The company reported C$0.06 earnings per share (EPS) for the quarter. Questerre Energy had a negative return on equity of 74.92% and a negative net margin of 47.54%.The business had revenue of C$47.94 million during the quarter. As a group, research analysts predict that Questerre Energy Co. will post 0.06 EPS for the current fiscal year.

About Questerre Energy

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.