Cequence Energy (CQE) Reaches New 12-Month Low at $0.05

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Cequence Energy Ltd (TSE:CQE)’s share price hit a new 52-week low during trading on Friday . The stock traded as low as C$0.05 and last traded at C$0.06, with a volume of 1755732 shares changing hands. The stock had previously closed at C$0.06.

Cequence Energy (TSE:CQE) last issued its quarterly earnings results on Friday, August 10th. The company reported C($0.01) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of C($0.01). The company had revenue of C$14.61 million during the quarter, compared to analysts’ expectations of C$15.30 million. Cequence Energy had a negative net margin of 25.96% and a negative return on equity of 7.69%.

About Cequence Energy (TSE:CQE)

Cequence Energy Ltd. engages in the acquisition, exploration, development, and production of petroleum and natural gas reserves in Western Canada. Its principal property is the Simonette asset located in the Alberta Deep Basin. The company was formerly known as Sabretooth Energy Ltd. and changed its name to Cequence Energy Ltd.

Further Reading: Understanding Price to Earnings Ratio (PE)

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