Traverse Energy (TVL) Sets New 1-Year Low at $0.06

Traverse Energy Ltd. (CVE:TVL) shares reached a new 52-week low during trading on Monday . The stock traded as low as C$0.06 and last traded at C$0.08, with a volume of 114000 shares. The stock had previously closed at C$0.09.

The company has a debt-to-equity ratio of 20.41, a current ratio of 0.12 and a quick ratio of 0.09.

Traverse Energy (CVE:TVL) last posted its quarterly earnings data on Wednesday, August 22nd. The company reported C($0.08) earnings per share (EPS) for the quarter. The company had revenue of C$1.78 million during the quarter. On average, research analysts forecast that Traverse Energy Ltd. will post -0.029999999625 earnings per share for the current fiscal year.

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About Traverse Energy (CVE:TVL)

Traverse Energy Ltd. engages in the acquisition, exploration, development, and production of natural gas, oil, and natural gas liquids (NGL) in Canada. The company's principal properties include the Coyote, Michichi, Turin, Duvernay shale, and Watts located in the province of Alberta. As of December 31, 2017, its proved plus probable reserves included 5,626 million cubic feet of natural gas and 1,289.6 thousands of barrels of oil and NGL.

See Also: Balanced Fund

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