Perpetual Energy Inc. (TSE:PMT)’s share price traded up 5.1% during mid-day trading on Thursday . The stock traded as high as C$1.25 and last traded at C$1.24. 5,046 shares were traded during mid-day trading, a decline of 71% from the average session volume of 17,395 shares. The stock had previously closed at C$1.18.

Separately, TD Securities decreased their price target on Perpetual Energy from C$1.50 to C$1.45 and set a “hold” rating on the stock in a research note on Monday, August 14th.

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Perpetual Energy Company Profile

Perpetual Energy Inc (Perpetual) is a Canada-based oil and natural gas exploration and production company. The Company is engaged in finding, developing, producing and marketing natural gas, natural gas liquids (NGL), oil and bitumen. Perpetual’s business consists of operations in Alberta focused on exploring and developing the natural gas and NGL resource opportunities in the deep basin in west central Alberta; the exploration for and extraction of heavy oil in eastern Alberta; the development and production of shallow natural gas from mature producing regions in eastern Alberta; bitumen opportunities in northeast Alberta, and interest in a commercial gas storage business through the operation and ownership in a gas storage facility at Warwick in east central Alberta.

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