Pinnacle Renewable Energy (TSE:PL) Stock Price Down 0.1%

Pinnacle Renewable Energy Inc. (TSE:PLGet Rating) shares dropped 0.1% during trading on Monday . The company traded as low as C$11.29 and last traded at C$11.29. Approximately 18,797 shares changed hands during trading, a decline of 91% from the average daily volume of 210,578 shares. The stock had previously closed at C$11.30.

Pinnacle Renewable Energy Stock Performance

The company has a quick ratio of 0.41, a current ratio of 0.88 and a debt-to-equity ratio of 231.46. The company has a market capitalization of C$376.63 million and a price-to-earnings ratio of -74.77. The business’s 50-day simple moving average is C$11.29.

About Pinnacle Renewable Energy

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Pinnacle Renewable Energy Inc, together with its subsidiaries, manufactures, distributes, and sells industrial wood pellets for industrial electrical power generation and home heating consumption in North America, Asia, and Europe. The company produces renewable fuel in the form of industrial wood pellets for electricity generation, which are used by utilities and large-scale power generators to produce renewable and baseload power.

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