Pan Orient Energy (CVE:POE) Stock Passes Above 200-Day Moving Average – What’s Next?

Pan Orient Energy Corp. (CVE:POE)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$1.21 and traded as high as C$1.21. Pan Orient Energy shares last traded at C$1.21, with a volume of 300,000 shares changing hands.

Pan Orient Energy Stock Down 2.4 %

The company has a market cap of C$60.25 million and a P/E ratio of 3.90. The company’s 50-day moving average is C$1.21 and its two-hundred day moving average is C$1.21. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.60 and a quick ratio of 3.58.

Pan Orient Energy Company Profile

Pan Orient Energy Corp., a junior oil and natural gas company, engages in the exploration, development, and production of oil and gas properties in Thailand and Canada. It holds a 100% interest in the L53/48 concession located in west of Bangkok, Thailand; and a 50% interest in the Sawn Lake property comprising 27 sections of oil sands leases situated in the central Alberta Peace River Oil Sands area, Canada.