Perpetual Energy Inc. (PMT) Hits New 1-Year Low at $1.02
Perpetual Energy Inc. (TSE:PMT) reached a new 52-week low on Wednesday . The company traded as low as C$1.02 and last traded at C$1.03, with a volume of 93,777 shares traded. The stock had previously closed at C$1.12.
Separately, TD Securities dropped their target price on Perpetual Energy from C$1.50 to C$1.45 and set a “hold” rating for the company in a report on Monday, August 14th.
The firm has a 50 day moving average price of $1.22 and a 200-day moving average price of $1.42. The stock’s market capitalization is $60.77 million.
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About Perpetual Energy
Perpetual Energy Inc (Perpetual) is a Canada-based oil and natural gas exploration and production company. The Company is engaged in finding, developing, producing and marketing natural gas, natural gas liquids (NGL), oil and bitumen. Perpetual’s business consists of operations in Alberta focused on exploring and developing the natural gas and NGL resource opportunities in the deep basin in west central Alberta; the exploration for and extraction of heavy oil in eastern Alberta; the development and production of shallow natural gas from mature producing regions in eastern Alberta; bitumen opportunities in northeast Alberta, and interest in a commercial gas storage business through the operation and ownership in a gas storage facility at Warwick in east central Alberta.
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