Pan Orient Energy Corp. (CVE:POE – Get Free Report)’s stock price dropped 2.4% during mid-day trading on Thursday . The stock traded as low as C$1.20 and last traded at C$1.21. Approximately 300,000 shares were traded during trading, an increase of 465% from the average daily volume of 53,072 shares. The stock had previously closed at C$1.24.
Pan Orient Energy Price Performance
The company has a debt-to-equity ratio of 0.01, a current ratio of 3.60 and a quick ratio of 3.58. The company’s 50 day simple moving average is C$1.21 and its 200 day simple moving average is C$1.21. The company has a market capitalization of C$60.25 million and a PE ratio of 3.90.
About Pan Orient Energy
Pan Orient Energy Corp., a junior oil and natural gas company, engages in the exploration, development, and production of oil and gas properties in Thailand and Canada. It holds a 100% interest in the L53/48 concession located in west of Bangkok, Thailand; and a 50% interest in the Sawn Lake property comprising 27 sections of oil sands leases situated in the central Alberta Peace River Oil Sands area, Canada.
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