Petroteq Energy (CVE:PQE) Stock Price Down 11.8%

Petroteq Energy Inc (CVE:PQE) dropped 11.8% on Thursday . The stock traded as low as C$0.22 and last traded at C$0.23, approximately 199,617 shares changed hands during trading. An increase of 34% from the average daily volume of 149,347 shares. The stock had previously closed at C$0.26.

The company has a market capitalization of $45.10 million and a PE ratio of -1.21. The company has a debt-to-equity ratio of 14.94, a current ratio of 0.23 and a quick ratio of 0.05. The company has a 50-day moving average of C$0.26 and a two-hundred day moving average of C$0.30.

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Petroteq Energy Company Profile (CVE:PQE)

Petroteq Energy Inc engages in the oil extraction and processing operations. The company is involved in the tar sands mining and oil processing activities using a closed-loop solvent based extraction system that recovers bitumen from surface mining. It holds a 100% working interest in 2,541.73 acre oil sands leases covering oil sands in the Asphalt Ridge area in Utah.

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