Petroteq Energy (CVE:PQE) Trading Down 6.7%

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Petroteq Energy Inc. (CVE:PQEGet Rating)’s share price traded down 6.7% during mid-day trading on Monday . The company traded as low as C$0.20 and last traded at C$0.21. 180,466 shares were traded during mid-day trading, a decline of 86% from the average session volume of 1,319,841 shares. The stock had previously closed at C$0.23.

The company has a debt-to-equity ratio of 4.48, a current ratio of 1.12 and a quick ratio of 0.44. The stock has a 50-day simple moving average of C$0.22 and a 200-day simple moving average of C$0.20. The stock has a market cap of C$149.89 million and a P/E ratio of -9.00.

Petroteq Energy Company Profile (CVE:PQE)

Petroteq Energy Inc, through its subsidiaries, engages in the oil sands mining and processing operations in the United States. It holds rights to mine, extract, and produce oil and associated hydrocarbons and minerals from oil sands containing heavy oil and bitumen under mineral leases covering approximately 1,671,91 acres in the Asphalt Ridge area of Utah, including 320 acres held under the TMC Mineral Lease and an additional 1,351.91 acres held under three Temple Mountain State of Utah’s School and Institutional Trust Land Administration Leases.

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