Questerre Energy (TSE:QEC) Shares Down 7.8%

Questerre Energy Co. (TSE:QEC – Get Rating) fell 7.8% during trading on Tuesday . The company traded as low as C$0.24 and last traded at C$0.24. 94,923 shares traded hands during trading, a decline of 44% from the average session volume of 169,256 shares. The stock had previously closed at C$0.26.

The company has a market cap of C$100.70 million and a P/E ratio of -24.00. The business’s 50 day simple moving average is C$0.26 and its 200 day simple moving average is C$0.23. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 2.44.

Questerre Energy Company Profile (TSE:QEC)

Questerre Energy Corporation acquires, explores, and develops non-conventional oil and gas projects in Canada. It produces tight oil, oil shale, shale oil, and shale gas. The company primarily holds 40,800 acres located in Kakwa, west central Alberta, including a 25% working interest in 10,080 acres in Kakwa Central; 50% working interest in 4,480 acres in Kakwa North; 50% interest in 22,400 acres in Kakwa West; and 50% interest in 3,840 acres in Kakwa South.

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