Perpetual Energy (PMT) Stock Price Up 0%
Perpetual Energy Inc. (TSE:PMT)’s share price rose 0% on Tuesday . The company traded as high as C$1.00 and last traded at C$1.00. Approximately 41,476 shares were traded during mid-day trading, an increase of 26% from the average daily volume of 33,011 shares. The stock had previously closed at C$1.00.
PMT has been the subject of a number of analyst reports. GMP Securities upped their price objective on shares of Perpetual Energy from C$2.05 to C$2.10 in a research report on Monday, November 13th. TD Securities upped their price objective on shares of Perpetual Energy from C$1.35 to C$1.65 and gave the company a “hold” rating in a research report on Tuesday, November 14th.
In other news, insider William Mark Schweitzer acquired 100,000 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was bought 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 acquired 106,500 shares of company stock valued at $119,775.
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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