Hillcrest Petroleum (CVE:HRH) Shares Up 10% – Should You Buy?

Hillcrest Petroleum Ltd. (CVE:HRHGet Free Report)’s stock price traded up 10% during trading on Monday . The company traded as high as C$0.22 and last traded at C$0.22. Approximately 968,083 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 3,372,558 shares. The stock had previously closed at C$0.20.

Hillcrest Petroleum Price Performance

The company’s 50-day moving average price is C$0.22 and its two-hundred day moving average price is C$0.22. The company has a market capitalization of C$46.26 million and a price-to-earnings ratio of -12.94.

Hillcrest Petroleum Company Profile

(Get Free Report)

Hillcrest Petroleum Ltd. engages in the acquisition, exploration, development, and production of oil and gas reserves in North America. It has an option to acquire 75% working interest in West Hazel field, a petroleum asset located in the Western Canadian Sedimentary Basin, Saskatchewan. The company was formerly known as Hillcrest Resources Ltd. and changed its name to Hillcrest Petroleum Ltd. in March 2015. Hillcrest Petroleum Ltd. was founded in 2006 and is headquartered in Vancouver, Canada.

Further Reading

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