PetroShale (CVE:PSH) Stock Price Up 1.5% – Still a Buy?

PetroShale Inc. (CVE:PSHGet Free Report)’s stock price traded up 1.5% during trading on Monday . The stock traded as high as C$0.68 and last traded at C$0.67. 136,650 shares traded hands during trading, a decline of 73% from the average session volume of 503,148 shares. The stock had previously closed at C$0.66.

PetroShale Trading Up 1.5 %

The company has a market capitalization of C$441.96 million and a PE ratio of 7.28. The company has a debt-to-equity ratio of 36.65, a quick ratio of 0.72 and a current ratio of 0.73. The business has a fifty day moving average price of C$0.67 and a 200 day moving average price of C$0.67.

PetroShale Company Profile

(Get Free Report)

PetroShale Inc, an independent oil company, engages in the acquisition, development, and production of oil-weighted assets primarily in the Bakken and Three Forks formations in the Williston Basin area of North Dakota. It holds interests in the Middle Bakken and Three Forks Benches One, Two, Three, and Four formations, as well as Pronghorn/Sanish and Lodgepole areas.

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