Hillcrest Petroleum (CVE:HRH) Stock Price Up 10% – Should You Buy?

by · The Markets Daily

Hillcrest Petroleum Ltd. (CVE:HRH – Get Free Report)’s share price rose 10% during mid-day trading on Monday . The company traded as high as C$0.22 and last traded at C$0.22. Approximately 968,083 shares changed hands during trading, a decline of 71% from the average daily volume of 3,372,558 shares. The stock had previously closed at C$0.20.

Hillcrest Petroleum Price Performance

The firm has a market cap of C$46.26 million and a PE ratio of -12.94. The stock’s fifty day moving average price is C$0.22 and its 200-day moving average price is C$0.22.

Hillcrest Petroleum Company Profile

(Get Free Report)

Hillcrest Petroleum Ltd. engages in the acquisition, exploration, development, and production of oil and gas reserves in North America. It has an option to acquire 75% working interest in West Hazel field, a petroleum asset located in the Western Canadian Sedimentary Basin, Saskatchewan. The company was formerly known as Hillcrest Resources Ltd. and changed its name to Hillcrest Petroleum Ltd. in March 2015. Hillcrest Petroleum Ltd. was founded in 2006 and is headquartered in Vancouver, Canada.

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