Questerre Energy (TSE:QEC) Hits New 52-Week Low – Time to Sell?

Questerre Energy Co. (TSE:QECGet Free Report) hit a new 52-week low during trading on Tuesday . The company traded as low as C$0.23 and last traded at C$0.23, with a volume of 34532 shares trading hands. The stock had previously closed at C$0.24.

Questerre Energy Price Performance

The company has a debt-to-equity ratio of 191.23, a quick ratio of 2.62 and a current ratio of 0.51. The company has a market cap of C$104.01 million, a P/E ratio of -1.05 and a beta of -0.59. The firm has a 50 day moving average price of C$0.26 and a two-hundred day moving average price of C$0.28.

Questerre Energy (TSE:QECGet Free Report) last announced its quarterly earnings data on Friday, May 15th. The company reported C($0.04) earnings per share (EPS) for the quarter. The firm had revenue of C$41.03 million during the quarter. Questerre Energy had a negative net margin of 88.15% and a negative return on equity of 93.98%. On average, analysts predict that Questerre Energy Co. will post 0.06 EPS for the current fiscal year.

Insider Buying and Selling at Questerre Energy

In other news, insider Richard Tityk sold 631,606 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of C$0.29, for a total value of C$183,165.74. Following the sale, the insider owned 174,394 shares of the company’s stock, valued at C$50,574.26. The trade was a 78.36% decrease in their ownership of the stock. 4.63% of the stock is owned by insiders.

About Questerre Energy

(Get Free Report)

Questerre Energy Corp serves the oil and gas sector. The Canada-based company is engaged in the acquisition, exploration, and development of oil and gas projects. It operates non-conventional projects such as tight oil, oil shale, shale oil and shale gas. The segments of the group are Western Canada; Quebec ; and Corporate and others. Western Canada segment involves exploration and development activities in Western Canada including Alberta, Saskatchewan and Manitoba with the existing production of natural gas, crude oil and natural gas liquids.

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