Painted Pony Energy Ltd. (OTCMKTS:PDPYF – Get Free Report)’s share price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $0.52 and traded as low as $0.5150. Painted Pony Energy shares last traded at $0.5176, with a volume of 35,200 shares.
Painted Pony Energy Stock Up 0.5%
The stock has a market cap of $83.33 million, a P/E ratio of -0.21 and a beta of 3.98. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.45. The stock’s fifty day moving average price is $0.52 and its 200 day moving average price is $0.52.
About Painted Pony Energy
Painted Pony Energy Ltd was a Calgary-based independent oil and gas company focused on the exploration, development and production of high-value natural gas and condensate resources. The company’s core operations were centered in the Montney formation of northeast British Columbia, where it pursued a liquids-rich natural gas strategy designed to generate strong cash flows from low-decline, long-lived reservoir properties.
Painted Pony’s primary business activities included the drilling of horizontal wells, the installation of compression facilities and the optimization of production through infrastructure connectivity.
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