Pan Orient Energy (CVE:POE) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why
by Danessa Lincoln · The Markets DailyPan Orient Energy Corp. (CVE:POE – Get Free Report)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$1.21 and traded as high as C$1.21. Pan Orient Energy shares last traded at C$1.21, with a volume of 300,000 shares.
Pan Orient Energy Price Performance
The company has a market cap of C$60.25 million and a P/E ratio of 3.90. The company has a fifty day simple moving average of C$1.21 and a 200-day simple moving average of C$1.21. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.60 and a quick ratio of 3.58.
Pan Orient Energy Company Profile
Pan Orient Energy Corp., a junior oil and natural gas company, engages in the exploration, development, and production of oil and gas properties in Thailand and Canada. It holds a 100% interest in the L53/48 concession located in west of Bangkok, Thailand; and a 50% interest in the Sawn Lake property comprising 27 sections of oil sands leases situated in the central Alberta Peace River Oil Sands area, Canada. The company is based in Calgary, Canada.