Petroteq Energy (CVE:PQE) Stock Price Down 20%

Petroteq Energy Inc. (CVE:PQEGet Rating) shares dropped 20% on Wednesday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 298,080 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 1,155,255 shares. The stock had previously closed at C$0.03.

Petroteq Energy Trading Down 20.0 %

The business’s 50 day moving average price is C$0.04 and its two-hundred day moving average price is C$0.15. The company has a current ratio of 0.61, a quick ratio of 0.18 and a debt-to-equity ratio of 2.13. The company has a market capitalization of C$15.94 million and a price-to-earnings ratio of -0.80.

About Petroteq Energy

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Petroteq Energy Inc, through its subsidiaries, engages in the oil sands mining and processing operations in the United States. It holds rights to mine, extract, and produce oil and associated hydrocarbons and minerals from oil sands containing heavy oil and bitumen under mineral leases covering approximately 1,671,91 acres in the Asphalt Ridge area of Utah, including 320 acres held under the TMC Mineral Lease and an additional 1,351.91 acres held under three Temple Mountain State of Utah's School and Institutional Trust Land Administration Leases.

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