Spartan Energy (SPE) Stock Price Down 4.4%

Spartan Energy Corp (TSE:SPE) dropped 4.4% during mid-day trading on Wednesday . The stock traded as low as C$5.82 and last traded at C$5.88. Approximately 752,701 shares changed hands during mid-day trading, a decline of 48% from the average daily volume of 1,447,067 shares. The stock had previously closed at C$6.15.

The firm has a market cap of $1,030.00, a P/E ratio of -39.64 and a beta of 0.88.

Spartan Energy (TSE:SPE) last posted its quarterly earnings data on Thursday, November 9th. The company reported C($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.03) by C($0.02). Spartan Energy had a negative net margin of 10.10% and a negative return on equity of 2.47%.

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Spartan Energy Company Profile

Spartan Energy Corp, formerly Alexander Energy Ltd is a Canada-based oil and natural gas exploration and production company with producing properties focused in Saskatchewan. The Company’s properties include Southeast Saskatchewan, West Central Saskatchewan and Alexander Alberta. The Southeast Saskatchewan property focuses on conventional Mississippian targets, primarily in the Frobisher/Alida and Midale formations.

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