Hillcrest Petroleum (CVE:HRH) Stock Jumps 10% – Should You Buy?

Hillcrest Petroleum Ltd. (CVE:HRH – Get Free Report) was up 10% on Tuesday. The stock traded as high as C$0.22 and last traded at C$0.22. 968,083 shares changed hands during 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 Stock Performance

The company has a fifty day moving average of C$0.22 and a two-hundred day moving average of C$0.22. The company has a market cap of C$46.26 million and a PE 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.

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