Pieridae Energy Limited (PEA.V) (CVE:PEA) Stock Falls 10.4% – Here’s Why

Pieridae Energy Limited (PEA.V) (CVE:PEA)’s share price was down 10.4% on Monday. The stock traded as low as C$0.29 and last traded at C$0.30. Approximately 395,956 shares changed hands during trading, an increase of 344% from the average daily volume of 89,233 shares. The stock had previously closed at C$0.34.

Pieridae Energy Limited (PEA.V) Stock Down 10.4%

The company has a debt-to-equity ratio of 199.86, a current ratio of 1.25 and a quick ratio of 0.65. The stock has a market cap of C$47.29 million and a PE ratio of -0.41. The business has a fifty day moving average of C$0.30 and a 200-day moving average of C$0.30.

About Pieridae Energy Limited (PEA.V)

Pieridae Energy Limited engages in the acquisition, exploration, and development of petroleum and natural gas resources in Canada. The company holds interests in 19,342 net acres in Ojay area, and 212,155 net acres in the Deep Basin Sierra and Ekwan areas, British Columbia; and 220,212 net acres in Northern Alberta Foothills, 180,938 net acres in Central Alberta Foothills, and 5,423 net acres in Southern Alberta Foothills, Alberta. It also holds interests in Bourque, Gastonguay, Matapédia, and Restigouche properties located in Quebec; and approximately 50,000 acres of land in New Brunswick.