Questerre Energy (TSE:QEC) Shares Break Below 200-Day Moving Average – What’s Next?

Questerre Energy Co. (TSE:QEC)’s stock price crossed below its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of C$0.28 and traded as low as C$0.27. Questerre Energy shares last traded at C$0.27, with a volume of 66,100 shares.

Questerre Energy Trading Down 7.0%

The stock has a market capitalization of C$119.98 million, a P/E ratio of -1.66 and a beta of -0.99. The firm’s 50 day simple moving average is C$0.29 and its two-hundred day simple moving average is C$0.28. The company has a quick ratio of 2.62, a current ratio of 0.82 and a debt-to-equity ratio of 124.60.

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

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.