Cequence Energy Ltd (TSE:CQE) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$0.07 and last traded at C$0.07, with a volume of 63000 shares. The stock had previously closed at C$0.07.
Separately, GMP Securities cut shares of Cequence Energy from a “hold” rating to a “reduce” rating and dropped their target price for the stock from C$0.15 to C$0.10 in a report on Monday, November 13th.
The company has a market cap of $15.96, a price-to-earnings ratio of -0.15 and a beta of 1.61.
Cequence Energy (TSE:CQE) last issued its earnings results on Thursday, November 9th. The company reported C($0.01) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of C($0.01). Cequence Energy had a negative net margin of 25.96% and a negative return on equity of 7.69%. The company had revenue of C$15.09 million for the quarter, compared to analysts’ expectations of C$17.60 million.
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About Cequence Energy
Cequence Energy Ltd. is a Canada-based company, which is engaged in the exploration for and the development of oil and natural gas reserves. The Company is engaged in the acquisition, exploration, development and production of petroleum and natural gas reserves in Western Canada. The Company’s principal properties are located in the Deep Basin area of Northwest Alberta; the Peace River Arch area of Northwest Alberta, and Northeast British Columbia.
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