Petroshale (PSH) Reaches New 52-Week Low at $1.00

Petroshale Inc (CVE:PSH)’s share price reached a new 52-week low on Thursday . The company traded as low as C$1.00 and last traded at C$1.09, with a volume of 7700 shares traded. The stock had previously closed at C$1.07.

Separately, National Bank Financial cut their price target on shares of Petroshale from C$2.55 to C$2.50 and set an “outperform” rating on the stock in a research note on Monday, April 8th.

The stock has a market capitalization of $199.43 million and a PE ratio of 6.58. The company has a debt-to-equity ratio of 82.33, a quick ratio of 0.62 and a current ratio of 0.62.

Petroshale (CVE:PSH) last released its quarterly earnings data on Wednesday, April 10th. The company reported C$0.04 earnings per share (EPS) for the quarter. The business had revenue of C$26.23 million during the quarter.

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Petroshale Company Profile (CVE:PSH)

PetroShale Inc, a junior oil and natural gas company, engages in the acquisition, development, and consolidation of interests primarily in the North Dakota Bakken/Three Forks. It owns interests in the Antelope field covering an area of 1,639 net acres located in North Dakota; approximately 1,931 net acres in the South Berthold area of North Dakota; approximately 340 net acres in the North Nesson area; and approximately 120 acres in the Stockyard Creek area of North Dakota, the United States.

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