PetroShale Inc. (CVE:PSH – Get Rating)’s stock price was up 1.5% on Tuesday . The company traded as high as C$0.68 and last traded at C$0.67. Approximately 136,650 shares were traded during trading, a decline of 73% from the average daily volume of 503,148 shares. The stock had previously closed at C$0.66.
PetroShale Price Performance
The stock’s 50-day simple moving average is C$0.67 and its two-hundred day simple moving average is C$0.67. The company has a market capitalization of C$441.96 million and a price-to-earnings ratio of 7.28. The company has a quick ratio of 0.72, a current ratio of 0.73 and a debt-to-equity ratio of 36.65.
PetroShale Company Profile
PetroShale Inc, an independent oil company, engages in the acquisition, development, and production of oil-weighted assets primarily in the Bakken and Three Forks formations in the Williston Basin area of North Dakota. It holds interests in the Middle Bakken and Three Forks Benches One, Two, Three, and Four formations, as well as Pronghorn/Sanish and Lodgepole areas.
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