Shares of Cequence Energy Ltd. (TSE:CQE) hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$0.12 and last traded at C$0.12, with a volume of 218500 shares trading hands. The stock had previously closed at C$0.13.

Separately, GMP Securities lowered shares of Cequence Energy from a “hold” rating to a “reduce” rating and lowered their price objective for the stock from C$0.15 to C$0.10 in a research note on Monday.

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Cequence Energy Company Profile

Cequence Energy Ltd. is a Canada-based company, which is engaged in the exploration for and the development of oil and natural gas reserves. The Company is engaged in the acquisition, exploration, development and production of petroleum and natural gas reserves in Western Canada. The Company’s principal properties are located in the Deep Basin area of Northwest Alberta; the Peace River Arch area of Northwest Alberta, and Northeast British Columbia.

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