Perpetual Energy Inc. (PMT) Trading Down 1.8%
Perpetual Energy Inc. (TSE:PMT)’s share price traded down 1.8% during trading on Thursday . The stock traded as low as C$1.08 and last traded at C$1.08. 6,859 shares were traded during mid-day trading, a decline of 79% from the average session volume of 32,786 shares. The stock had previously closed at C$1.10.
Several equities analysts have commented on the stock. TD Securities dropped their price target on shares of Perpetual Energy from C$1.50 to C$1.45 and set a “hold” rating for the company in a research note on Monday, August 14th. GMP Securities boosted their price target on shares of Perpetual Energy from C$2.05 to C$2.10 in a research note on Monday, November 13th.
In other Perpetual Energy news, insider William Mark Schweitzer bought 100,000 shares of Perpetual Energy stock in a transaction dated Thursday, November 16th. The stock was acquired at an average cost of C$1.12 per share, with a total value of C$112,000.00. Over the last three months, insiders purchased 112,500 shares of company stock valued at $127,375.
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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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