Pan Orient Energy Corp. (CVE:POE – Get Free Report) shares fell 2.4% during mid-day trading on Thursday . The stock traded as low as C$1.20 and last traded at C$1.21. 300,000 shares traded hands during trading, an increase of 465% from the average session volume of 53,072 shares. The stock had previously closed at C$1.24.
Pan Orient Energy Stock Down 2.4 %
The company has a market capitalization of C$60.25 million and a PE ratio of 3.90. The company has a current ratio of 3.60, a quick ratio of 3.58 and a debt-to-equity ratio of 0.01. The business has a fifty day moving average of C$1.21 and a 200 day moving average of C$1.21.
About Pan Orient Energy
Pan Orient Energy Corp., a junior oil and natural gas company, engages in the exploration, development, and production of oil and gas properties in Thailand and Canada. It holds a 100% interest in the L53/48 concession located in west of Bangkok, Thailand; and a 50% interest in the Sawn Lake property comprising 27 sections of oil sands leases situated in the central Alberta Peace River Oil Sands area, Canada.
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