Questerre Energy (TSE:QEC) Shares Pass Above 200-Day Moving Average – Time to Sell?

Questerre Energy Co. (TSE:QEC)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$0.29 and traded as high as C$0.30. Questerre Energy shares last traded at C$0.30, with a volume of 2,750 shares trading hands.

Questerre Energy Stock Down 3.3%

The stock has a market capitalization of C$133.40 million, a price-to-earnings ratio of -1.34 and a beta of -0.65. The business has a 50-day moving average of C$0.30 and a 200-day moving average of C$0.29. The company has a debt-to-equity ratio of 191.23, a quick ratio of 2.62 and a current ratio of 0.51.

Questerre Energy (TSE:QEC) last posted its earnings results on Friday, May 15th. The company reported C($0.04) EPS for the quarter. Questerre Energy had a negative net margin of 88.15% and a negative return on equity of 93.98%. On average, sell-side analysts expect that Questerre Energy Co. will post 0.06 EPS for the current 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.