Primeline Energy Holdings Inc. (PEH.V) (CVE:PEH) Stock Passes Below 200-Day Moving Average – Here’s Why

Primeline Energy Holdings Inc. (PEH.V) (CVE:PEH)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$0.01 and traded as low as C$0.01. Primeline Energy Holdings Inc. (PEH.V) shares last traded at C$0.01, with a volume of 7,200 shares traded.

Primeline Energy Holdings Inc. (PEH.V) Stock Performance

The company has a quick ratio of 0.04, a current ratio of 0.05 and a debt-to-equity ratio of 2,769.72. The company has a market capitalization of C$2.23 million and a PE ratio of -0.06. The business has a 50 day simple moving average of C$0.01 and a 200 day simple moving average of C$0.01.

About Primeline Energy Holdings Inc. (PEH.V)

Primeline Energy Holdings Inc engages in the exploration, development, and production of offshore oil and gas properties in the People's Republic of China. The company has 100% contractor's interest in the petroleum contract with China National Offshore Oil Corporation for Block 33/07 that covers an area of 4,397 square kilometers; and 49% interest in the producing LS36-1 gas field in Block 25/34 that covers an area of 84.7 square kilometers in the East China Sea.