Pan Orient Energy (CVE:POE) Reaches New 1-Year High After Insider Buying Activity

Pan Orient Energy Corp. (CVE:POE) shares hit a new 52-week high during trading on Friday after an insider bought additional shares in the company. The stock traded as high as C$2.00 and last traded at C$2.00, with a volume of 5500 shares trading hands. The stock had previously closed at C$1.94.

Specifically, insider Pan Orient Energy Corp. purchased 18,700 shares of the business’s stock in a transaction dated Monday, June 10th. The shares were acquired at an average price of C$1.84 per share, for a total transaction of C$34,408.00. Following the completion of the acquisition, the insider now directly owns 18,700 shares of the company’s stock, valued at C$34,408.

The stock has a market cap of $103.76 million and a P/E ratio of -194.00. The company has a current ratio of 43.16, a quick ratio of 43.16 and a debt-to-equity ratio of 0.13.

Pan Orient Energy (CVE:POE) last announced its quarterly earnings data on Wednesday, May 15th. The oil and natural gas company reported C($0.02) EPS for the quarter. As a group, sell-side analysts predict that Pan Orient Energy Corp. will post 0.02 EPS for the current fiscal year.

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Pan Orient Energy Company Profile (CVE:POE)

Pan Orient Energy Corp., together with its subsidiaries, engages in the exploration, development, and production of oil and gas properties in Thailand, Indonesia, and Canada. It holds interests in the concession L53/48 located in west of Bangkok, Thailand; the East Jabung production sharing contract located in South Sumatra, Indonesia; and 78 sections of Sawn Lake Alberta Crown oil sands located in the central Alberta Peace River Oil Sands area.

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