Pan Orient Energy (CVE:POE) Shares Pass Above 200 Day Moving Average – Here’s Why

Pan Orient Energy Corp. (CVE:POE)’s share price passed 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.

Pan Orient Energy Price Performance

The company has a current ratio of 3.60, a quick ratio of 3.58 and a debt-to-equity ratio of 0.01. The stock has a 50 day simple moving average of C$1.21 and a 200-day simple moving average of C$1.21. The firm has a market cap of C$60.25 million and a PE ratio of 3.90.

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.