Hillcrest Petroleum (CVE:HRH) Trading 10% Higher – Should You Buy?

Shares of Hillcrest Petroleum Ltd. (CVE:HRH – Get Free Report) shot up 10% during trading on Monday . The stock traded as high as C$0.22 and last traded at C$0.22. 968,083 shares were traded during mid-day trading, a decline of 71% from the average session volume of 3,372,558 shares. The stock had previously closed at C$0.20.

Hillcrest Petroleum Price Performance

The firm has a market capitalization of C$46.26 million and a PE ratio of -12.94. The firm’s fifty day moving average is C$0.22 and its two-hundred day moving average 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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