Pennine Petroleum (PNN) Reaches New 12-Month Low at $0.01
Shares of Pennine Petroleum Co. (CVE:PNN) hit a new 52-week low during trading on Tuesday . The company traded as low as C$0.01 and last traded at C$0.01, with a volume of 129000 shares changing hands. The stock had previously closed at C$0.01.
The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 60.93. The stock has a market cap of $1.69 million and a P/E ratio of -3.33.
Pennine Petroleum Company Profile (CVE:PNN)
Pennine Petroleum Corporation, a junior oil and gas company, evaluates, acquires, explores for, and develops oil and gas properties in Eastern Europe and Western Canada. It holds a 46.7% working interest in the Chauvin south east central area located to the southeast of Edmonton, Alberta; and a 100% interest in the Cygnet area comprising two Viking natural gas wells located in Alberta.
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