Hillcrest Petroleum (CVE:HRH) Stock Price Down 10%

Hillcrest Petroleum Ltd (CVE:HRH)’s stock price was down 10% during mid-day trading on Thursday . The company traded as low as C$0.05 and last traded at C$0.05, approximately 1,229,006 shares changed hands during trading. An increase of 51% from the average daily volume of 812,380 shares. The stock had previously closed at C$0.05.

The business has a fifty day moving average of C$0.03 and a 200-day moving average of C$0.03. The company has a market cap of $4.95 million and a PE ratio of -3.85.

About Hillcrest Petroleum (CVE:HRH)

Hillcrest Petroleum Ltd. engages in the acquisition, exploration, development, and production of oil and gas reserves in Canada. It holds an agreement to acquire a 75% working interest in the Western Canada Sedimentary Basin located in the provinces of Alberta and Saskatchewan. The company was formerly known as Hillcrest Resources Ltd.

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